Of course, the Congressional

Democrats are not going to pass a budget for the United States of

America for the next fiscal year - Yes, that makes such perfect sense! - After all, if the Democrats passed a budget they would have to lay out for the American People all of the OUTRAGEOUS DEFICIT SPENDING that has been going on and show how out of control OUR GOVERNMENT REALLY IS! - Not that the Republicans are any better, because with a

supposed "Conservative" in the White House with "W" and total control of the Congress the Republicans ran up Government Spending like a Sailor

on Leave with someone else's money! - As the San Francisco Chronicle's

Debra Saunders explains:

"If you can't budget, you can't

govern," Rep. John Spratt Jr., D-S.C., proclaimed in 2006 when the House GOP leadership chose to dispense

with passing a budget resolution.

Now that the Dems run the House, Spratt is chairman of its Budget Committee and the April 15 deadline for passing a budget resolution is a niggling detail, easily ignored. House Democrats have decided to not even

try to pass a budget resolution before this fiscal year expires on Sept. 30 -- and may well delay passage until

after the November elections.

As the congressional newspaper The Hill reported Monday, Spratt announced that in lieu of a 2011

budget resolution, the House is likely to pass a "functional equivalent" measure that leaves out inconvenient budget numbers -- most notably an annual operating deficit averaging around $1 trillion over the next five to 10 years.

But this year, Democrats won't pass a budget resolution -- which means

there will be no limit on spending in next year's 12 spending authorization bills. Democratic proposals to cut budgets by 2 percent won't see a floor vote.

As the Committee for a Responsible Federal Budget noted last month,

"The very reasonable push to reduce some discretionary spending has left the House unable to agree on a plan." In short, D.C. lawmakers cannot curb the growth in government spending

to save their own necks.

As the Weekly Standard's Stephen F. Hayes wrote, "(T)hey're deliberately refusing to offer a budget until after the November elections. They're

simply choosing to ignore the law."

The House Democrats must figure that they have a better chance of hanging onto their offices by doing nothing -- and they may be right. As Rep. Gerry Connolly, D-Va., told the Los Angeles Times, "Name one person who won or lost an election because they didn't

get a budget resolution passed."

Come November, with any luck,

voters will be able to name

more than one."
 

Yes, this all makes just perfect sense,

if the United States of America is a Banana Republic! - Maybe we are

worse than a Banana Republic though, with our "Elected Leaders" doing everything BUT SERVING THE

PEOPLE THEY ARE SUPPOSED TO BE WORKING FOR! - There is one good thing about all this nonsense:  History does a very good job of recording who

is responsible for Huge Disasters and every "Elected Politician" in the last

30 years in Washington DC is going to go down collectively as the Stupidest Leaders of any country in World History and their names will be recorded for posterity for everyone to know and learn about! - Congratulations you Morons, you

have killed the Greatest Country on Earth all in the name of getting reelected to office one more time! -

Got Idiocy? - If You Can't Budget,

You Can't Govern

The Unemployment Rate and the Number of Jobs Added in the Month of May for the State of California were released on Friday and the Numbers

are very ugly - Yes, California's unemployment rate dropped by .10 of a point to 12.4 percent, but all 28,300

jobs added to payrolls were nothing more than temporary Census jobs that will go away in the very near future - Here is what the LA Times reported:

 "Though the state added 28,300 jobs

to payrolls in May, economists say

the types of jobs added indicate that the state's economy still faces big problems ahead.

The state experienced losses in construction, trade and the traditionally strong education and health services sector. Those losses were offset by 30,000 federal government positions that were

mostly census jobs.

"It's all census, even more so than

last month," said Jeff Michael,

director of the Business Forecasting Center at the University of the Pacific in Stockton. "The private sector

is completely flat."

The state's unemployment rate fell slightly to 12.4% from 12.5%. The

labor force grew by 27,000, as some formerly discouraged workers

started to once again look for work.

Census jobs aren't the only positions that are providing a Band-Aid. Economists say many of those who

do have jobs are part-time, or underemployed, workers, who can't find full-time work because of

the economy."
 

Now that is ugly! - The Great Untold Story in the State of California though is that after years of the state's bureaucracy waging a war on business and attacking small and medium sized companies that are the backbone of

job creation in the state while at the same time cow-towing to large corporations with tax breaks and subsides that end up making the wealthy even richer and create no new jobs, the former Great Job and Wealth Creator that was the Golden Broken State is NO MORE! - California has become Greece in more ways than one with a Massive Government that works very hard 7 days a week to find ways to attack and harass hard working business owners while at the same

time creating thousands of new government jobs that only require yet more spending and more revenue and take that much more of disposable income out of the economy -

Meanwhile the "Elected Leaders" in Sacramento missed the Budget Deadline to deal with the $20 Billion Dollar Deficit that the state of California must deal with to get its economic house in order! - One day in the future historians will wonder how such an incredibly stupid group of people could have gotten elected and then destroyed what was at one time the Economic and Innovative leader

of the United States, because there really is no logical explanation for the Absurdity that has gone on in recent years in the Broken State

Yes, it is bad in California right now, but it is only going to get worse as two incredibly unqualified candidates for the Governor's office, "Moonbeam" Jerry Brown and "Beanie Baby" Meg Whitman, vie for the right to put

the final stake in the state! -

California unemployment report

fosters doubts on recovery

A Fool, A Moron, An Idiot or.....

All of the Above?

We say...ALL OF THE ABOVE!

We here at Mad As Hell And... cannot help but wonder what planet Texas Congressman Joe Barton is living

on? - Apologize to these BP

Bastards? - What the Hell? - Is Joe Barton an Idiot, a Moron, a Fool, or maybe he is really working for the Democrats! - Whatever Joe Barton

is, one thing for sure he doesn't have

a lick of Common Sense nor does it seem he gives two rips about the

People on the Gulf of Mexico that

have been devastated by

these BP SOBs!

One thing for sure, if Joe Barton is in any leadership or ranking committee position in the Congressional Republican Party come Monday then the Republicans are stupider than we thought they were! - Republican's oil spill gaffe hands advantage back

to administration

Please, someone get the Keystone

Cops or the Three Stooges on the phone because both of those groups could estimate the amount of oil that is coming out of that pipe in the Gulf of Mexico better than these clowns at

BP or the US Government! - These Morons just keep upping the number

of barrels of oil spilled into the Gulf each day and the thing that we can

help but wonder...

We thought we were

running out of oil?  Remember

all that "Peak Oil" BS?

Hell, we have plenty of oil, too much

oil in fact, and the problem is that not only can't the oil companies or the government cap this oil well, these morons can't even do something as

 easy as look at a camera and check

the size of the pipe and come up with

an Amount of Barrels of Oil Being Spilled into the Gulf of Mexico! - Oh, these are ABSOLUTE MORONS! -

Panel Sharply Raises Estimate

of Oil Spilling Into the Gulf

As reported by Business Insider, get a look at the Madness going on with the Salaries and Pensions of Government Workers in the state of Illinois! -

Talk about NUTS! - If any of these Government Types in Illinois actually believe they are going to collect these pensions over the short-term, forget about the long-term, then they are NUTTIER than their compensation! - Oh, this all would be very funny if it wasn't dead serious stuff! - We have

Met the Enemy and the Enemy is OUR OWN GOVERNMENT that is spending OUR MONEY hand over fist not giving two rips if it will bankrupt the American Republic or not! - What will the historians say about America one day? - That its "Elected Leaders" were some of the STUPIDEST PEOPLE in World History! - Guess What Government Employees?  The

American People Are Not Going to

Pay You Hundreds of Thousands of Dollars A Year So You Can Sit Around On Your Butt for 30 Years....And You Can Take That FACT To The Bank! - If You Thought New York Was Bad,

Check Out The Ridiculous Public

Sector Pensions in Illinois

The Ezra Klein Dream Gas Station

Of course Washington Post "glad fly" and columnist Erza Klein believes

that the price of gasoline is too

low! - After all, when you have never held a legitimate job in your life or

done anything but "pontificate" on the world instead of actually doing anything in it, Klein is more that

happy to promote the Sticking It To

the American People and American Businesses that give them their

jobs! - Ezra Klein is just like the rest

of the Washington DC "Salon" crowd which is full of politicians, media members and various other "hangers-on" that have often never done an honest day's work in their lives and rather enjoy sitting "On High" in their little fantasyland and tell us, THE AMERICAN PEOPLE, how we should

 be living our lives!

Memo to Ezra Klein and the rest of the "Salon" Buffoons in Washington DC:  Out here in the Real World where all that tax money that flows to Washington DC is actually made,

 where the American People get up early every day and go to work in Real Jobs (not sitting around blabbing all day about nothing), and with the folks

that actually own the United States

of America, every time the price of a gallon of gasoline goes up even 10

cents it hits us in the pocketbook and takes BILLIONS OF DOLLARS out of

the US Economy and sends it to the Wall Street Bastards and large oil companies that then send that

money along to their shareholders!

Ezra Klein thinks that the price of gas should go up?  Yes, that only proves what we already knew...Ezra Klein

and his Buffoonish Friends in Washington DC are the Largest Collection of Morons in One City in

the history of Planet Earth! - Be proud Ezra, you are member of a very exclusive club and you should

wake-up every morning, look yourself

in the mirror and say:  "I am a Moron and Proud of it!" - Think gas is

too pricey?  Think again.

The US Government, possibly in collusion with BP, has been wildly underestimating the amount of oil

that has been spilling into the Gulf of Mexico? - No, it can't be! - Actually,

not only can it be that the US Government is lying to the American People (remember the People that actually own the country and who the SOBs in Washington DC actually work for!) this would be just business as usual with these Bastards! - That the

US Government might have been low-balling the amount of oil being spilled to protect BP is not only beyond Outrageous it could very well lead to members of OUR Government getting tossed into jail for breaking US law - Coast Guard Adjusts After Spill Estimate Rises Sharply

What we need in the American

Republic is for OUR Government to TELL THE TRUTH! - If the US Government will not tell the truth then....that is why we have elections!

Meanwhile, get an eyeful of the damage these BP Bastards have done to Grand Isle, Louisiana - Video: Grand Isle Native Gives Aerial Tour of "Total, Total Destruction"

Update on the Bastards at BP from

 the AP - How about this headline?

BP spill response plans

severely flawed

Surprised?  No, but what should really Piss the American People off is that OUR Government actually APPROVED this Bogus BP Spill Response Plan! - IDIOTS! - Read this and see what MORONS your "Public Servants"

really are!

 "Professor Peter Lutz is listed in BP's 2009 response plan for a Gulf of

Mexico oil spill as a national wildlife expert. He died in 2005. Under the heading "sensitive biological resources," the plan lists marine mammals including walruses, sea otters, sea lions and seals. None lives anywhere near the Gulf.

The names and phone numbers of several Texas A&M University marine life specialists are wrong. So are the numbers for marine mammal

stranding network offices in

Louisiana and Florida, which are no longer in service.

BP PLC's 582-page regional spill plan for the Gulf, and its 52-page, site-specific plan for the Deepwater

Horizon rig are riddled with omissions and glaring errors, according to an Associated Press analysis that details how BP officials have pretty much

been making it up as they go along. The lengthy plans approved by the federal government last year before

BP drilled its ill-fated well vastly understate the dangers posed by an uncontrolled leak and vastly overstate the company's preparedness to deal with one."

Oh, these BP folks and our "Public Servants" are REAL MEN AND

WOMEN OF GENIUS! - The real and only relevant question here is: Is there anyone with a Lick of Common Sense that gives two rips about anything but their own rear-end involved in this disaster with the BP oil spill? -

Doesn't seem so!
 

American Citizens:  Raise your hand

if  you believe BP's claims that their latest scheme could "capture the vast majority" of the leaking oil - We don't seem to see any raised hands.... - American Citizens:  Raise if your hand if you believe ANYTHING that

ANYONE at BP says - Again, no

 hands! - American Citizens:  Raise

your hand if you think we should

haul BP CEO Tony Hayward's rear-end back from Jolly 'Ol England and put him in a Head and Hands Stock on an oil-stained beach on the Gulf Coast around the clock with only bread and water - Hey, Everyone's Hand is Up! - Someone get on the phone and find

out where Tony "The Weasel" Hayward is at so we can haul him back to

the Colonies!

No, we do not believe that BP could capture the "vast majority" of the leaking oil with any scheme they cook upo and in fact WE DON'T BELIEVE ANYTHING THAT THESE SORRY

SOBs at BP SAY! - We The American People are working under the assumption that BP will do or say anything to turn or save a Buck and that BP has also bought off enough people in the US Federal Government that they have plenty of high friends that will say all manner of Crapola to protect their Real Masters! - BP is "capturing the vast majority of the

oil?" - Please, if you believe that you

are either a MORON, you work for BP

or are an "Elected Official" that has taken a Boatload of Money from

these BP Bastards and you are

shilling for the SOBs - Scientists challenge BP containment status

Shanghai - 1990

Shanghai - 2010

One can only wonder if the American People and our leaders know what is coming and the Economic threat that China poses to our country in the coming decades....  - China is like America in 1900, only China is

growing at a much faster rate and the Chinese leadership understand completely after studying 20th century US history that the Boom and Busts ginned up by the US Federal Reserve and the Wall Street Bastards to make a very small proportion of Americans very rich while the Middle Class and Lower Classes take it in the gut is not

a good thing for the development of a country - Yes, the American Economy as is has been and is now constructed can create a tremendous amount of wealth for the top 20 percent of the country, but the other 80 percent will not be brought along for the ride and the Booms and Busts that the Wall Street Bastards love (They make a fortune going up because they are all

in and they are able to get out before everything crashes because they are

the one's holding the pin to pop everything...of course, the last time around in 2008 the Wall Street Bastards got caught with their pants down so they turned to our "Elected Leaders" and the American People

to bail their sorry asses out and since they have bought off everyone in Washington DC at one time or another they of course got access to Trillions

of Dollars from the US Treasury!) -

Yes, China poses a great danger to the United States, but the main reason China is rising while the United States is mired in the muck is that America has just an incredibly stupid group of people at the very highest reaches of government and business that care little about anything but their own rear-ends! - It is already happening to some degree, but 100 years from now the United States could very well be what Europe is today...Little more

than a Disneyland for adults and just one big museum for tourists to visit

as they look in awe at castles and churches and wonder what must it

have been like to have lived when Europe was the dominant player on

the world stage - Hang around Los Angeles or San Francisco for a few minutes and you will see Chinese tourists taking in the sights, taking pictures and looking in awe at

America and one cannot help but wonder if they are thinking:  "Where did it all go wrong for America?" - Shanghai:  1990 vs. 2010

Unlike the Securities and Exchange Commission the American People

can spot a Massive Ponzi Scheme

 when they see one (think Bernie

Madoff where the SEC was practically handed Madoff on a Silver Platter

and they still couldn't figure out his scam and in fact didn't give a

Damn either!) and the Amount of

Debt that the US Government is now piling up is a Ponzi Scheme on

Steroids! - Tyler Durden over at Zero Hedge details the amount of debt

that the US Treasury has redeemed only 3 days into the month of June:

$169 BILLION DOLLARS!

Tyler Durden at Zero Hedge:

"Three days into the month, and the Treasury has already redeemed

$169 billion in debt, of which $137 billion in Bills. Run-rated (for Bills alone) this is about $5.5 trillion annually, or basically 63% of all marketable US debt. And somehow

the Treasury is lowering the amount

of new bond issuance beginning next week. We wonder just where Tim Geithner will get the much needed

cash to plug not only the increasing daily deficit spending (today alone

the US burned $21 billion net of debt transfers, gross the number was even worse), as well as to fund daily rolls once rates start eventually

increasing. This is financial suicide, although the Treasury knows that

all too well. It is now stuck in a

corner and has no way out than

to hope for the best.

Total US debt today was $13.06 trillion. Total debt on March 6, 2009 was $10.95 trillion. The government has spent $2.1 trillion dollars to

create a bear market rally which has now fizzled, and to fund a fiscal stimulus that is now dancing its

death rattle. GDP will now gradually roll over, the unemployment rate will once again start increasing, diffusion indices, manufacturing and all other economic output will begin declining, but not before the bill is in. It cost Americans $2.1 trillion in debt to generate a 14 months sugar high

(for which all will promptly receive

a much higher tax bill). Luckily, we will never pay this debt off, so

perhaps "the joke is on them

" after all."

WOW! - Those are just some stunning numbers and how exactly the US Treasury and Federal Reserve are

going to get the United States out

of this debt disaster without

devaluing the US Dollar will be a trick that Houdini would even try! - Of course, Houdini didn't have a printing press down in the basement and didn't have Uncle Ben and the Boys picking

up all the excess debt that "investors" don't want take a flyer on - Maybe Durden is right, there is no way in Hell that the American Republic and its People can generate the amount of Income that would be required to pay off all this debt and the unfunded

liabilities that are hiding in the weeds.  Even servicing all the debt will come into question in the very near future...which will almost certainly lead to: Got Inflating the Currency or Outright Default? - 3 Days Into  

the Month = $169 Billion of

Debt Redeemed

Marshall Auerback over at

the Huffington Post asks a

very good question:

Why BP but not Wall Street?

Good question Marshall! - We will answer it for you! - Unlike Wall

Street, BP has not bribed every politician in Washington DC with "campaign contributions" and BP and the other large oil companies (even recognizing the Buffoons in the Department of Interior/MMS not doing their jobs!) do not have huge government bureaucracies that

exist for no other reason but to

protect and serve the Wall

Street Bastards! - From

Marshall Auerback's post:

"All well and good. But it invariably begs the question as to why, some

three years after the start of the greatest financial crisis since the

Great Depression, there have been ZERO criminal investigations

launched by Justice against Wall Street. The contrast is striking. Perhaps there are investigations proceeding as we write, but it does seem curious that Justice has held its fire against Wall Street (a large donor to the Democrats), whilst aggressively going after Big Oil (which happens

to have been one of the bigger paymasters for the GOP in the last

few elections).

Imagine the uproar today in the US (even in oil loving states, such as Louisiana) if BP was involved in the watering down of legislation to

govern energy policy and offshore drilling. Oh wait, that did happen...under the Bush Administration, where he drafted Enron's Ken Lay precisely for this purpose. We are reaping the consequences of that perverse executive action, much as I suspect that in a few years hence, we will be reaping the consequences of our

failed financial regulatory

"reforms" that do nothing to effect structural change and prevent a recurrence of the current crisis.

The other severe problem is nonprime mortgage paper (where losses range from 50 to 85 cents on the dollar). These losses are not being recognized. Worse, they are being hidden by the Fed and dumped on Fannie Mae

and Freddie Mac while the

politicians and Treasury declare

that we "resolved" the greatest financial crisis in 80 years at

virtually no cost to the taxpayer. We've now had a number of

narratives to that effect, no doubt

spun aggressively by the Geithner Treasury: Joshua Green's "Inside

Man" and John Heilemann's

"Obama is from Mars, Wall Street

is from Venus" are two obvious examples of this genre which

spring to mind.

As awful as the BP spill is, the magnitude of its regulatory failure

is dwarfed by what has happened

on Wall Street over the past 30 years. The same people who have presided over the mess are still in power.

There have been zero criminal

charges.

Perhaps the criminal charges will come. In the meantime, Obama has

an opportunity to harness public

anger in a more productive direction than has been the case with financial or health care reform. There is an alternative to our addiction to oil,

but as long as deficit hawks dissuade us from supporting government-

funded initiatives needed to strike

out on another energy path, we

will not realize it.

In finance, we let a crisis go to waste. One hopes that the same will not

apply in energy and that criminal investigations will lead to something far more substantive than the Swiss cheese of "change you can believe

in" which has characterized the Obama response to our respective health care and financial crises."

Double Amen to all of that Marshall......but you might as well be spitting into the wind! - The Wall

Street Bastards own the United States Government lock, stock and barrel

and the fools that they have not bought off in both the government and media are stupid enough to think that the entire world would come to an end if the Ivy League Elitists were not

allowed to sit in front of their computers and trade digital paper all day adding nothing of value to the economy and creating very little real capital for new businesses and

existing companies - The very simple and sad fact is that the Wall Street Bastards are driving this train and

99 percent of the stuff they do,

which most Americans would consider to be illegal at worst and morally reprehensible at best, thousands of times every day of the week is actually....LEGAL! - Yes, the

Wall Street Bastards are smart

enough to understand that if you are going to rob banks that you need

to make sure that it isn't against the

law to rob banks and that is why the Wall Street Bastards spend hundreds

of millions of dollars lobbying and buying off ("campaign contributions) our "Elected Leaders" every year! -

This is like Butch Cassidy and the Sundance Kid spending millions of dollars in Washington DC to make it legal to rob trains and then pulling

off the scam so they can loot

BILLIONS FROM THE TRAINS...LEGALLY! - You have to

hand it to the Wall Street Bastards, they have concocted a scheme to steal BILLIONS OF DOLLARS from the American People and it is COMPLETELY LEGAL! - In fact, the Wall Street Bastards know that they could fly to Washington DC in the morning and drive up and down Pennsylvania Avenue and circle the White House and Capitol Hill in convertibles screaming out to our "Elected Leaders":

"Who's Your Daddy? WE ARE,

WE ARE!...Who's Your Daddy?

WE ARE, WE ARE!"
 
...and our "Elected Leaders" would line the streets and give them a standing ovation! - That's how bad it really is and getting back to your question....

 Why BP but not Wall Street?

Now you know!
 

The Democrat and Republican Parties are near record lows of

unpopularity? - No, IT CAN'T

BE! - Please, both of these political parties quit working for The People

of the United States long ago,

preferring instead to worship the

worn out slogans and BS of both

 parties and to cow-tow to whichever lobbyist showed up in their office

with the most $$$$$$$!

There is a very good reason that the American People think so lowly of

both political parties - WE ARE FED

UP WITH ALL OF YOU! - How about quit meeting with Union Leaders, Lobbyists, CEOs, and other glad-handers and influence peddlers and start working for THE PEOPLE OF THE UNITED STATES OF AMERICA? - The People put everyone of you into office and very few of you give a damn about anything but finding a way to get re-elected and 99 out of 100 of you would sell out your own Mother if it would guarantee a few more years on the public payroll - Not that we are

holding our breath that anyone in Washington gives two rips about anything that happens beyond the Potomac River, unless of course it has something to do with getting our

votes! - Someone needs to tell these Political Party Hacks that THEY ARE PROBLEM HERE AND MOST CERTAINLY ARE NOT THE UNITED STATES OF AMERICA....The People of America are the one's that own this country AND YOU WORK FOR US! - Poll:  Both parties near record levels

of unpopularity

Author Michael Lewis takes the Financial Elite to task over their shenanigans with the Financial "Reform" bill in a New York

Op-Ed today and does it with

great vim and vigor!

"Our earnings are robust, our compensation has returned to its naturally high levels and, as a result, we have very nearly regained our

grip on the imaginations of the most ambitious students at the finest universities — and from that single

fact many desirable outcomes

follow.

Thus, we have almost fully recovered from what we have agreed to call The Great Misfortune. In the next few weeks, however, ill-informed senators will meet with ill-paid representatives to reconcile their ill-conceived financial reform bills. This process cannot and should not be stopped.

The American people require at least the illusion of change. But it can be rendered harmless to our interests.

To this point, we have succeeded in keeping the public focused on the single issue that will have very little effect on how we do business: the

quest to prevent taxpayer money

from ever again being used to (as

they put it) “bail out Wall Street.”

As we know, we never needed their money in the first place, and by the time we need it again, we’ll be long gone. If we can keep the public, and its putative representatives, fixated on the question of whether their bill does, or does not, ensure there will be no more bailouts, we may entirely

avoid a discussion of our

relationship to the broader society."

These Wall Street Bastards are

Tricky! - Michael Lewis continues...

"In private, reasonable discussions we were able to persuade our friends in the Senate to prevent votes on amendments hostile to our interests — the worst of which, I might add, was dreamed up by yet another female senator. But the minute a vote was held, and senators sensed the

cameras watching, even our friends abandoned us to the mob. All of these people are continually engaged in the same mental calculation: are the

votes I might gain with this remark

or this idea or this position greater than the votes I can buy with the money given to me by Wall Street firms? With each uptick in the level

of public scrutiny — with every

minute of televised debate — our money means less.

In the short term, we must do

whatever we can to dissuade Representative Barney Frank from allowing any part of these discussions between senators and representatives to be televised. In the longer term we must return to the shadows. Do your work in private; allow your money

to speak for you; and remember,

the only way we’ll get the financial reform we need is if we pay for it.

No one else can afford it."
 

No, the Wall Street Bastards and their friends on Capitol Hill can't have the American People finding out what

they really have been up to for all

these years! - No, we can't have

that! - Will Financial "Reform"

really be "Reform?" - Only if the

Biggest Welfare Queens on the Planet, the Wall Street Bastards, KNOW

THAT that every trade they make,

every financial swap they carry out, every bogus security they gin-up to rip off some poor sucker, could lead to an implosion of their company and if

that happens the American taxpayer will not be there to Bail these Bastards out again! - Reform will only be

Reform if one of the Wall Street Banks happens to fail in the future and everyone from the CEO on down

LOSES their investment in the company, their 5 homes around the world, their 30 cars, their helicopter rides and their shirts! - Right now

Wall Street can do anything they

want and take any risk that can be dreamed up because they know they will be Bailed Out - That was and is

now a recipe for disaster because

these Sorry Ass SOBs on Wall Street don't give two rips about ANYTHING but their one and only God....the $$$$$$$$$$ - Anyone that doesn't believe that the Wall Street Bastards would sell out the United States of American if they thought they could turn a BUCK doing it clearly does not understand the Wall Street Bastards!

BRAVO Michael Lewis! - Keep the

Heat up on these Wall Street

Bastards! - Shorting Reform
 

We just need to Speak the Truth: 

The Democrats that Dominate the California Legislature are JUST

VERY STUPID PEOPLE! - What else

can one make of their recent proposal to "balance" the Incredibly out-of-whack budget in the Golden Broken State? - The Contra Costa Times lays bare the Stupidity of these Folks and

a Deeper Problem in America Today with both Democrats and Republicans to ALWAYS SPEND MORE MONEY

even if Massive Deficits and Debt

must be piled up to support all that spending - Read and Weep!

"ASSEMBLY Democrats have concocted a scheme to "balance" the state budget in a manner that is even more irresponsible and bizarre than any of Gov. Arnold Schwarzenegger's discredited proposals of past years.

The state would borrow $8.7 billion

in bonds to be repaid over 20 years, plus interest with a new tax on oil companies that would raise roughly $1.2 billion a year.

However, investors understand that

oil tax revenue can be quite volatile and could taper off, especially if the new tax causes oil companies to shut down marginal wells sooner than planned, which is highly likely.

To avoid this drawback, the state would pay investors with $600

million a year from the state's Beverage Recycling Fund. Of course, the fund does not have that kind of money, so oil tax money would go toward making the Beverage

Recycling Fund whole.

The nonsense doesn't end there.

The state would cut its share of the sales tax by one-quarter cent and replace it with oil tax money. Local governments would raise their sales tax by one-quarter cent and use the extra money for local schools,

allowing the state to reduce its payment to local schools by a

similar amount.

Consumers would pay the same sales tax rate, and the state would consider the whole sales-tax money swap to

be "revenue neutral," and thus not subject to a two-thirds vote required for tax increases.

Whether such a maneuver trumps

the two-thirds rule is legally questionable. After all, there would

be a new tax on oil, which would be spent on government services and to pay off investors.  California is in an ongoing fiscal crisis that requires tough choices that include major spending reductions and at least

some temporary new revenues.

But the heavy emphasis must be on reducing spending and doing so in an intelligent manner. Major tax increases are likely to undermine any economic recovery in a state that already has among the worst

business climates in the nation.

Borrowing money to avoid tough choices only makes the budget situation worse in future years

and does nothing to resolve California's structural problems.

Assembly Speaker John Perez, D-Los Angeles, who proposed the borrowing and tax-swap plan, claims that it would help create jobs by giving more money to government entities and avoiding any pain.

That assessment reveals one of the reasons California is in such a fiscal bind. Perez's plan would do just the opposite. It would deepen the state's long-term deficits and continue the state's dysfunctional fiscal policy

into the future. That is no way to

revive confidence in California or

to create jobs.

We would like to think that a

majority of our lawmakers in Sacramento will realize the damage Perez's plan could do and will reject

it. But past performance causes us

to think otherwise.

Fortunately, the governor is adamantly opposed to the

tax-borrow-and-spend scheme and surely will veto it should it ever

reach his desk. One hopes that will

be the end of such budgeting

nonsense, but don't count on it."
 

AMEN TO THAT Contra Costa Times!

 - No, these folks in Sacramento are worse than the REAL MEN AND

WOMEN OF GENIUS that plague government elsewhere in our Republic...these people just flat-out

do not have a clue! - Hey, here's the really bad news:  It is going to get

worse in California with either Jerry "Moonbeam" Brown or Meg "Beanie Baby" Whitman lined up to take over the Governor's Office next year! -

The former has never done an honest day's work in the Real World and

would be lucky to working the

swing-shift at the local 7-Eleven if his Daddy hadn't been Pat Brown,

and the other didn't vote once in the past 20 years and has the specialty of running an online Flea Market and

she actually believes that running a Flea Market counts for something beyond running a Flea Market! - Yes,

it is about to GET MUCH WORSE! -

Tax-borrow-spend scheme avoids

real state budget solutions
 

One of the Greatest Tragedies of the Rise of Finance over the past 3

Decades is thus the Absurd Idea that the Stock Markets in the United

States somehow equal the US

Economy which is perhaps the most dangerous idea facing the American Republic today - The Bastards on

Wall Street rather like the thought

that Americans have a lot of their savings and retirement in their Las Vegas Casinos and that the

uniformed media confuse Stock

Market performance with what is

going on in the Real Economy and

how the Economy will perform into

the future - This Absurd Idea taken

to the Extreme is exhibited in a story

in today's LA Times:

Stock-market roller coaster is hard

on the economy's stomach

The reporters on the above story

go on to write:

"The global surge in financial

markets last year boosted hopes that the recession was ending. But now tumbling stock prices and wild volatility on Wall Street are undermining some of the pillars supporting the economic recovery.

Stocks fell again Friday, pushing

the Dow Jones industrial average

down 122 points to 10,136. For all of May the blue-chip index slid 7.9%,

its biggest monthly drop since February 2009.

Sinking share prices, along with a jump in interest rates that many companies pay to borrow, threaten

to sap executives' confidence —

which could make them reluctant or unable to follow through on plans to resume hiring and investing in

their businesses, analysts warn.

"You may see corporate managers saying, 'I'm going to wait a month or two to see how this plays out before hiring,'" said Jane Caron, economist

at Dwight Asset Management in Burlington, Vt.

Consumer spending, too, could be at risk as millions of Americans see

their 401(k) accounts shrink again.

Although experts perpetually debate how important market gyrations are

to the real economy, this time the markets' role may be crucial.

The reason: With short-term interest rates already near zero in the U.S., Europe and Japan — and with mounting pressure on politicians to rein in budget deficits —

policymakers have fewer levers

left to pull to help the economy.

That makes healthy financial

markets key to maintaining faith

in the recovery."

How so Completely Absurd! - First of all, if corporate executives are making decisions based up on the price of t

heir stock then we have a bunch of buffoons running America's

companies - Second, interest rates

for the largest corporations in the United States are at record lows

(The Prime Rate is 3.5 percent), but for small and medium sized companies that do the vast majority of hiring in

the country, they are having the same problem they have been facing

since 2008:  They cannot get access

to credit because US banks can now make a Fortune taking advantage

of the Massive Interest Spread between what they borrow $$$$$$ from

the Federal Reserve for (.25 percent) and what they get from Ultra-Safe Treasury and Fannie Mae, Freddie Mac and GNMA bonds (3.5 to

6.5 percent) - Add in that banking regulators are cracking down on the smaller banks and demanding that

they not make "risky" loans and you have a perfect recipe for

understanding why jobs are not being created in the United States of

America - Repeat After Us:  The US Stock Markets DO NOT EQUAL the

US Economy and until we break the spell and control that the Wall Street Bastards have over America's

foolish reporters because they will continue to write rubbish that only

perpetuates the myth of the

Stock Market's actual

influence upon the country!

It's past time to End the Tyranny of Finance over the American Republic and its People and the first step to doing that is to realize that the Las Vegas Casinos in southern

Manhattan that used to be the US Capital Markets are nothing more

than as cesspool full of speculators

and casino pit bosses that will sink

the entire country if we don't

rein the Bastards in soon!

The Seventh President of the United States, Andrew Jackson had these Financial Bastards pegged over

150 years ago:

"I too have been a close observer

of the doings of the Bank of the

United States. I have had men watching you for a long time, and

am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged

it to the Bank. You tell me that if I

take the deposits from the Bank and annul its charter I shall ruin ten thousand families. That may be

true, gentlemen, but that is your

sin! Should I let you go on, you will ruin fifty thousand families, and

that would be my sin! You are a

den of vipers and thieves. I have determined to rout you out and,

by the Eternal, (bringing his fist

down on the table) I will rout you

out."

Where is the Andrew Jackson of today to stand up for the American People against these Wall Street Bastards?

Yes, it is just a GRAND IDEA for the state of California to establish a "VMT Fee!" - What is a "VMT Fee" you

ask? - Oh, VMT = Vehicle Miles

Tax! - Yes, left-win nut state of California Senator Alan Lowenthal

has introduced a bill that would tax Californians on HOW MUCH

THEY DRIVE! - Yes, that makes

perfect sense, if you are both

running a Fascist State that only

Hitler could dream of where every Californian's miles driven would be tracked and taxed or you wanted

to punish people that actually get

off their asses and get out in the world and accomplish things - Memo to Senator Lowenthal:  Entrepreneurs

and People that Start Businesses in

the United States of America often do lots of driving when they are getting their companies off the ground and there are also literally hundreds of

jobs where being able to be mobile in one's car contributes tremendously

to a growing economy - Yes, it makes perfect sense to tax people that get up and work their butts off all day, that

is if you are in California and you

have run the STATE INTO THE GROUND with outrageous amounts of spending that only an ABSOLUTE

FOOL would have voted for! - There really is no end to the Fantasyland

that some of these "Elected Leaders"

in California live in, because there answer to every problem, real or perceived is always to spend more money and to stick it to the people

with more and more and more

and more and more....TAXES! - Odometer Tax

We wish that someone could explain

to us why High Frequency Trading of stocks where a computer based upon

a program trades thousands of stocks

in a second makes any sense in a rationale world! - CNBC Wild Man

Jim Cramer had the very Brave US Senator Ted Kaufman on his TV

show Mad Money yesterday to

discuss High Frequency Trading

and it went something like...

 "High frequency trading," as Cramer introduces it, "benefits nobody

except a couple of big rich hedge

fund managers, [usually] to your detriment."

Then Kaufman comes on the show. Cramer says Kaufman was the first

one to forecast that one day "the machines" would go wild. Meanwhile, says Cramer, he himself "drank

the kool-aid."

So HOW did Kaufman predict

such a mass HFT cult gang and

drug binge, Cramer wants to know.

"We've gone from where 4 years ago, 30% of our trades were HFT,"

Kaufman explains. "They went to

70%. No one knows what's going

on inside here ... so it grew like

a gigantic weed."

Amen to that Jim Cramer and

Senator Kaufman! - High Frequency Trading is just another reason why

the Wall Street Bastards need to be reined in BIG TIME before they

blow up the American Economy

AGAIN! - Will the US Government

bring some sanity to the US Equity Markets with Financial Reform or

through other moves by regulatory agencies? - Only on the margins, because when you have a lot of

$$$$$$$ and you are willing to give

a lot of your $$$$$$$ to politicians

that are more than  happy to take $$$$$$$$ to represent you then WE THE PEOPLE have a recipe for

disaster on our hands and that is exactly what we have in the United States of America today! - The

Wall Street Banks are running the

show and they will continue to run

the show until our "Elected Leaders" start representing THE PEOPLE that put them into office instead of

the people that put $$$$$$$ into

their pockets - Watch Jim Kramer Freak Out Viewers About A Wall

Street Gang Growing Like A Weed

and Getting Everyone Drunk On

Kool-Aid

Perhaps the Greatest Fallacy that has developed in recent years is that the Stock Market, notably the Dow Jones Industrial Average IS the US

Economy - The Greedy Bastards on

Wall Street rather like the idea that

 the formerly great capital markets

of the United States, now little more than a Las Vegas Casino that is run

by Pit Bosses (aka The Wall Street Banks), the "Stock Market" is so embedded in the American psyche

and that so many Americans have

their "Chips" on a table that the Wall Street Bastards can then both control and manipulate - That the folks running US Monetary and Fiscal

Policy in Washington DC also believe that the US Stock Market IS the US Economy warps public policy in that

it leads to the United States Government to make decisions in reaction to the performance of the Stock Market instead of what is

actually happening in the Real Economy - In 2008 the Real Men of Genius in Washington DC from the President on down turned a meltdown of a few banks on Wall Street that had made stupid and probably illegal bets on the subprime mortgage market into a complete and total panic that led

to 8 Million Americans losing their

jobs as the Real Economy crashed in reaction to the Panic set-off by the Buffoons in DC - The Buffoons in DC were actually only concerned that

their "Clients," the Wall Street

Banks, were about to be sent en

masse into Bankruptcy which would have destroyed Billions of Dollars

of Net Worth of a few thousand bankers on the Southern Tip of Manhattan,

but would certainly have not led to 8 Million Americans losing their jobs - The President and the Treasury Secretary took care of that little gift

to the American People as they intentionally caused a panic because they knew a panic would force the

hand of Congress to bail out a few thousands bankers on the southern tip of Manhattan that wouldn't be too happy to be on the corner selling pencils and apples after owning three homes and making a very good living stealing $$$$$$ from Americans for decades now - No, we couldn't have

that so a Series of Massive Bailouts Ensued that saved the rear-ends of

the Pit Bosses and their precious Las Vegas Casino...the former Great

Capital Markets of the American Economy....which now little more than a Roulette Wheel with the American People as the Suckers and the

Pit Bosses raking in Billions and working towards what will be another eventual meltdown of the American Economy - Yes, this all makes perfect sense, if you are a Wall Street Banker....aka the Pit Bosses!

"What really happened to us was the Great Panic of 2008. I'm not talking about the collapse of Lehman

Brothers. I am talking about the

panic of Hank Paulson and Ben Bernanke. They had no idea what

was happening at the time and didn't know what to do. They too confused Wall Street with the economy. So

they resorted to doing something, which was the bailout. History has shown that usually when the government does something in these circumstances, we all end

up suffering."

Yes indeed, "we (The American People") all end up suffering" while

the criminals and buffoons are feted

as the saviors of the country when in fact all these idiots did was keep a corrupt system propped up that will come crashing down on all of us

again - Remember, the US Financial System is set-up to fail every few years.....on purpose! - No, the Stock Market is NOT the US Economy

because the Stock Market isn't even a Stock Market anymore.....it is A

Las Vegas Casino that makes its Overlords (The Pit Bosses) very rich when things are good but sends the bill to and Sticks it to the American

People when things are bad! - That doesn't sounds like Capitalism to us...more like Fascism with a group of The World's Biggest Welfare Queens (The Wall Street Banks) at the center

of everything driving the train! -

Bailouts Didn't Save the World

If you are somehow laboring under

the impression that the recently

passed "Financial Reform" bill in both Houses of Congress will do anything

to bring under control the Las Vegas Casino Operators and Operations disguised as "Wall Street Banks" then you are terrible misinformed - Simon Johnson, author of 13 Bankers, makes

it very clear the Wall Street Bastards are partying hard with their recent "Victory" in hand, all at the expense

of the American People of course!

"By now you have probably

realized -- correctly -- that

"financial reform" has turned into a victory lap for Wall Street.

When they saved the big banks,

with massive unconditional support (both explicit and implicit) over a

year ago, top administration

officials promised they would be

back later to fix the underlying problems. This they -- and

Congress -- manifestly have

failed to do.

Our banking structure remains unchanged, the rules will be tweaked at the margins, and the incentive

and belief system that lies behind reckless risk-taking has only become more dangerous. (The back story,

if you can still stomach it, is in

13 Bankers)."

As the Church Lady on Saturday

Night Live used to say: 

"Isn't that Special?"

The most interesting thing about the Wall Street Bastards and the U.S. political system is that we now have

one of the most liberal Presidents

since FDR and Woodrow Wilson in

the White House but President

Obama is by far the most in bed

and in collusion with the Casino Operators ever! - Now that is just

Damn interesting to us here at Mad

As Hell And..., but Politics is Money

and Money is Politics and when you

give or take Money then you want something in return - From where

we sit the Wall Street Bastards made a very good investment in President Obama and they are getting paid

back many times over - They now

will be able to keep their Casino operations going with the full support of the US Treasury and Federal

Reserve and the next time they

blow-up the American Economy (and yes, there will be a next time because our Government is ENCOURAGING them to run Las Vegas Casinos and

take huge risks!) they will come

running to Washington DC and the American People to bail their Sorry Asses out again and of course....since they own everyone that matters in "OUR" Nation's Capital, they will get bailed out again, and again, and again....Are you starting to

understand how this works? - If you want free money from the Gov't, you have to give $$$$$$$ to our

"Elected Leaders! - Kind of like an "Investment"....or rather really like a "Bribe!" - Wall Street's Victory Lap

From the Lunatics in California

are Out of Touch With

Reality Department:

The Democrats in Sacramento

want to RAISE TAXES AGAIN on

the People of California!

With the California Economy in the toilet and businesses and wealthy individuals fleeing the state in record numbers here come the Democrats

with a proposal for EVEN MORE

TAXES! - Hello You Idiots! - The

People of California are already

some of the Heavily Taxed Citizens on Planet Earth - Note that the

Democrats do not propose

eliminating any government departments or California

Government Employees, because

all of those jobs must be vital to the continuing functioning of the state.....NOT! - In fact, the Public Employee Unions own the Democrat Party in the State of California

and if they told these state legislators

to crawl down Main Street in Sacramento then you would see

ALL of the Democrat Legislators

doing just that! - It's time to face

facts:  California is finished and

now it is only matter of when the

state is going completely off the

cliff! - Raise Taxes in one of the

worst recessions in US and California state history? - Yes, these are REAL MEN AND WOMEN OF GENIUS up in Sacramento! - Senate plan seeks $4.9 billion in new taxes

Proposition 14 is on the California ballot this fall and the Democrat

and Republican "political" parties

are pulling their hair out worried

that this thing might actually pass! -

As the Los Angeles Times explains:

"Proposition 14, which appears on

the June 8 ballot, would put all candidates for statewide, congressional and legislative offices

on the same primary ballot and

allow voters to choose from the full

list. The top two vote-getters for

each office — regardless of party — would face each other in a runoff.

A poll released Wednesday by the nonpartisan Public Policy Institute

of California showed 60% of respondents in favor of the measure, 27% opposed and 13% undecided.

Backers, including Gov. Arnold Schwarzenegger, say the system

would free candidates from the

need to court the radical wings of

their parties to win nomination to

the November ballot. That, in turn, would lead to the election of more moderate lawmakers and more cooperation on tough issues like

fixing California's $19.1-billion

budget deficit.

Under the current system,

Republicans vote on one ballot in a primary election and Democrats on another. Independents, who now represent a record 20% of the California electorate, are allowed to choose either ballot. But few do, so their influence in a primary is minimal, and candidates for

November are generally chosen by hard-core party loyalists.

About a third of California congressional and legislative

districts are dominated by a single party, according to a recent report

by the nonpartisan Center for Governmental Studies in Los Angeles. Almost all are Democratic strongholds. In some, Democrats have such an advantage that the two top primary vote-getters might both be Democrats.

In those cases, Proposition 14 supporters said, they hope the more moderate candidate could win by appealing to Republicans and independents."

We can see why the Political Parties

are so worried! - There is very good reason that the First President of the American Republic, George

Washington warned of the dangers of Political Parties in his Farewell

Address - The Political Parties force candidates in search of their nominations to cater to the extreme wings of their party and that leaves

the voters almost a Hobson's Choice between two candidates that most Americans would not allow to watch their dogs! - Is Proposition 14 the answer to the serious problems in California? - Probably not, but

anything is better than the Disaster

that is the Golden Broken State

right now! - Democratic, Republican leaders warily watch Prop. 14 election

"I was advised that rejecting his nomination would cause markets to nose dive, which would hurt retirees and families saving for their future. I am not enthusiastic in my support."

Senator Barbara A. Mikulski

The above words are from a letter that Maryland Senator Barbara Mikulski sent to a constituent about the

re-confirmation of Federal Reserve Chairman Ben Bernanke and they only confirm what we here at Mad As

Hell And... have believed for a long-time:  The Federal Reserve with the

aid of Wall Street has been running a confidence game on the American People based around the idea that

only the Great Geniuses educated

at the "chosen universities" can be trusted to manage the nation's

financial system! - Oh, the Stupidity

of anyone that would believe that, but then you can never go broke overestimating the arrogance of

these Stupid SOBs that are driving

the US Financial System Train or

how easily it is to dupe and scare

our "Elected Leaders!"

Let's go to the tape on the

"Great" Ben Bernanke!

Bernanke in Denial 2005 - 2007

Yes, Ben Bernanke is a

REAL MAN OF GENIUS!

Yes, Bernanke was Absolutely Clueless in the run-up to the Financial Disaster in 2008 but then you could put that moniker on everyone on Wall Street

and Washington DC, but at least the Bastards on Wall Street were smart enough to figure out a way to get

the American People to Pick up

the Tab for their Stupidity!

Now, on the other side of the coin

in the Congress, here is a response

to another US Senator, Tom Harkin

of Iowa on the Ben Bernanke

re-confirmation

"While I have heard the concerns

of many that the failure to confirm

Mr. Bernanke would have damaged

the financial markets and

jeopardized our economy recovery,

I do not believe that anyone,

including Mr. Bernanke, is too

big to be replaced. We should

not hold our economy hostage

to the Wall Street threat that

total economic collapse is the

sure result of not doing

everything they want."

US Senator Tom Harkin

We probably disagree with Senator Harkin on 9 out of 10 things, but

AMEN TO THAT SENATOR,

AMEN TO THAT!

Here's the Lesson all Americans

should take from the above words: 

The Federal Reserve was one of the main culprits of the Financial Meltdown that directly caused

8 million Americans to lose

their jobs and the very same

people at the Fed that were

working for Wall Street a decade ago are there today doing the very

same DAMN thing! - Wall Street

knows they own the Federal Reserve Lock, Stock and Barrel, but the

real joke is on the American People

and their uninformed representatives that are flat-out afraid to hold the Federal Reserve accountable for

their actions and that is the sad

reality of America in 2010 - We

only warn the Wall Street Bastards

and their Enablers, this is not going to go on forever and one day the

American People will get back control of THEIR government and will

conduct a full audit of everything

that has happened, yes, even at

the Federal Reserve - The Fed's

Racket Exposed
 

Did you think that the Wall Street Bastards were just ripping off The American People in their Unregulated Las Vegas Casino?  Think Again!

- As reported by Bloomberg the $2.8 TRILLION DOLLAR Municipal Bond Market has been nothing more than a rigged game with Billions in Illegal Profits being made by....YOU KNOW WHO!  The Wall Street Banks! - Get

a load of yet another BS scheme from the THIEVES ON WALL STREET:

"A telephone call between a financial adviser in Beverly Hills and a trader

in New York was all it took to fleece taxpayers on a water-and-sewer financing deal in West Virginia. The secret conversation was part of a conspiracy stretching across the U.S. by Wall Street banks in the $2.8

trillion municipal bond market.

West Virginia was just one stop in a nationwide conspiracy in which financial advisers to municipalities colluded with Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co., Lehman Brothers Holdings Inc., Wachovia Corp. and 11 other banks.

They rigged bids on auctions for so-called guaranteed investment contracts, known as GICs, according

to a Justice Department list that was filed in U.S. District Court in Manhattan on March 24 and then

put under seal. Those contracts hold tens of billions of taxpayer money.

The workings of the conspiracy -- which stretched from California to Pennsylvania and included more

than 200 deals involving about 160 state agencies, local governments and non- profits -- can be pieced together from the Justice Department’s indictment of CDR, civil lawsuits

by governments around the country,

e-mails obtained by Bloomberg

News and interviews with current

and former bankers and public officials.

“The whole investment process was rigged across the board,” said Charlie Anderson, who retired in 2007 as

head of field operations for the Internal Revenue Service’s

tax-exempt bond division. “It was

so commonplace that people talked about it on the phones of their employers and ignored the fact that they were being recorded.”
 

If you thought was bad.....

"Court records in the broadest-ever criminal investigation of public finance shed new light on how Wall Street’s biggest banks were cheating cities and towns during the same decade in which they were setting the stage for a global economic collapse.

As the banks were steering the world’s financial system to the brink of catastrophe by loading more than $1 trillion of subprime mortgage loans into opaque debt investments, they were also duping public officials

across the U.S. "

Great! - As the Wall Street Bastards were working to bring down the American Economy they were also ripping off Counties and Cities across the United States! - Yes, for some reason this sounds like....BUSINESS

AS USUAL FOR THE WALL

STREET BASTARDS!

There is more!

"Dozens of municipalities have paid banks billions to get out of swap contracts. The agency that oversees

the San Francisco-Oakland Bay

Bridge said it spent $105 million to escape its deal in July 2009.

“They were gouging the municipalities,” said retired IRS investigator Anderson, 59. “Beside

the excessive fees, some of the swap deals just didn’t work. It was just awful. The same people were involved in the GIC end of the market.”

Bid rigging not only cheated cities

and towns, it also illegally denied

the IRS required taxes from GIC income, Anderson said. The evidence

is clear in telephone recordings made on GIC desks, he said. “We could hear people talking about how everyone knew who was going to win the bid.

You could tell it was just everyday business.”
 

Again...JUST BUSINESS AS USUAL

FOR THE WALL STREET BASTARDS - And these THIEVES wonder why the American People wouldn't trust these Wall Street Bastards to watch our

dogs? - Please, Wall Street is

nothing more than a Casino that is propped up by the folks in

Washington DC that they own lock, stock and barrel! - Free market, capitalism?  Please, not only are these Wall Street Bastards Thieves they are the BIGGEST WELFARE QUEENS ON THE PLANET! - Conspiracy of Banks Rigging States Came With Crash

When you see people debating the

finer points of BS when their house

is on fire then you have an idea what

is going on with the Morons at the California Pension System, CalPERS - There is a "Great Debate" going on

now at CalPERS on whether they

should lower their current

benchmark forecasted return of

7.75 on investments - With several thousand employees working very

hard to come up with a new

forecasted return number and even outside consultants being hired for

who knows how much $$$$$, a consensus has emerged that the CalPERS should plan on a future

return between 7.07 and 7.7 percent! - Yes, the Real Men and Women

of Genius have spoken! - CalPERS

says it has earned an average of 7.75 percent per year for the past few decades on its investments (is there

any REAL proof to those returns?),

BUT the S&P 500 has had an annual return of 10.62 percent over the past

25 years! - CalPERS with thousands

of employees says they have earned

an average return of 7.75 percent

over the past 25 years and a monkey sitting in front of a computer buying

a mutual fund that tracked the S&P

500 would have made a 10.62 annualized return! - Hmmmmm,

what is wrong with this picture? -

We will give you a hint.... All of these high-priced lackeys and all of their consultants could be replaced tomorrow by a computer and a

monkey and CalPERS, its pensioners and the taxpayers of California

would be a lot better off! - If you are thinking this is all just absolute madness get a load of this line

from the story:

 
"As it is, CalPERS already is

expected to impose a $600 million

rate increase on the state to help

make up for the huge investment

losses it incurred in 2008. The

pension fund's board is expected to finalize that decision Wednesday.

The increase would bring the

state's annual contribution to

$3.9 billion for the fiscal year

that starts July 1."

What? - CalPERS will need an annual contribution of $3.9 BILLION

DOLLARS just in 2010-11 to help pay

for CURRENT PENSIONS AND

HEALTH BENEFITS FOR

RETIREES? - Madness....but what if....the state of California had

hired a monkey in 1985 and put

him in front of a computer that had

1 button that bought shares of an S&P 500 index mutual fund when money

was coming into the Pension Fund how much money would CalPERS need

from the California General Fund

this year?  Answer:  ZERO DOLLARS (CalPERS would have an additional

70 BILLION DOLLARS IN THE BANK with the monkey running things! 

What if the monkey had been

instructed to just buy shares in

Warren Buffett's Berkshire Hathaway company over the past 25 years? (Average return 24% annually!) - CalPERS would have an additional

TWO HUNDRED BILLION

DOLLARS IN THE BANK!) - Yes,

these are Real Men and Women of Genius running the state of California and at CalPERS...but then this is Government Work....right? - And you wondered why California is headed

to bankruptcy and insolvency! -

CalPERS warned about lower investment returns
 

Senators Kerry & Lieberman

introduced their "Climate Bill" (Otherwise known as Let's Really Make The Wall Street Bastards Rich with Bogus Carbon Trading Act!) last week and if Global Warming actually

existed and everything happened that these Bozos say is going to happen

after spending Billions of Dollars and Raising Energy Prices on Americans

by Trillions of Dollars......The Temperature on Planet Earth would

be .219 or less than 3/10ths of a

degree lower 90 YEARS FROM NOW! - Oh, the MADNESS! - How about

instead of wasting Billions of Dollars

of Taxpayers Money and sending even more Billions to the Wall Street

Bastards that we start working

on things in the Real World that

impact Real People?  Is that too much to ask? - You have to wonder if these

are just very Stupid People, are they very Greedy People, are they

incredibly Politically-Correct People,

or are they ALL OF THE ABOVE? - That's easy...ALL OF THE ABOVE! -

Save the world? - Who is going to

Save The American People from

these Stupid SOBs in Washington DC that seem intent on Bankrupting the Nation and its People while making

the Wall Street Bastards as Rich as Possible in the Process? - That is why

we have Elections Boys and Girls and

if the American People ever get

control of their Gov't again it will be Katie Bar the Door on anyone that

sold the American Republic Down the River! - Kerry-Lieberman Global Warming Impact: Spend Billions & Trillions To Accomplish Nothing

As detailed at Business Insider (How

A Primary Election In Arkansas With Bizarre Rules Could Screw Over Wall Street On Derivatives Reform) and

at the New York Times...

In Tough Stance, Democrat

Finds Few Allies

...the Democrats AND Republicans on Capitol Hill are running nothing less than a SCAM on the American People

by acting like they might reign in the Unregulated and Out-of-Control Las Vegas Casinos that are known to our "Elected Officials" that get Gobs of $$$$$ from these Bastards

as.....BANKS! - Yes, there are actually

a few people left in the United

States of America that call these Las Vegas Casinos on Wall

Street....BANKS, but the American People know better, mainly because

the American People actually give a Damn about their country and their families which is the Opposite to the Vast Majority of "Politicians" in the Nation's Capital! - In fact, the

Primaries this Tuesday across the United States are one of the early battles between American People and the Casinos, with most of our

"Elected Politicians" on the side of the Casinos! - Will Arkansas Senator Blanche Lincoln, who has proposed

an amendment to the already

Severely Watered Down "Financial Reform Bill" to reign in the Casino Operators in New York win her primary or get 50% of the vote to avoid a

Runoff or will the voters send a

message that we are now living in

a New World where for the first

time in Decades the American People will be back in control of their

Republic - For the moment the Las Vegas Casinos in New York, the

Wall Street Banks, own the United States of America lock, stock and

barrel because they own almost every politician in Washington DC and

treat them like nothing less than the Mule Hogs that carry drugs for

Mexican Drug Cartels - The coming

days and later this November will

Tell the Tale and for all of the

Sorry Ass Bastards of both political parties now in Power that would easily swap the American Republic for a few pieces of silver we say...Your World is about to change and if the American People ever do get control of their

Gov't again, all the actions by you Bastards both in and out of Gov't

over the past few decades will be fair game and don't discount the idea

that a Grand Jury of the People could have half of Wall Street and half of Washington DC under felony indictment within a week of a

President representing "The

People" taking power - Again,

think someone like Andrew Jackson

or Teddy Roosevelt you Bastards and act accordingly...because the

American People are watching!

Take a good look at the above Killer - That is John Albert Gardner III who was sentenced to life in prison in California on Friday after admitting to murdering two teenage girls, Chelsea King 17 and Amber Dubois 14 - That

this Sorry Son of a Bitch is a

Worthless Excuse for a human being should be obvious to all, but the real story here is that John Gardner was able to kill these two teenage girls because of the California Parole

System that has been set-up and run

by Absolute Morons that will swap

Hell being inflicted upon the People

of California and the Murder of Children in exchange for the fantasy that violent criminals and sexual predators can somehow be rehabilitated! - Sorry they CANNOT, and at this Very Moment there are thousands of Violent Predators

roaming the streets and communities

of California that will pillage and kill again who by all rights should be in prisons work farms doing hard labor

6 days a week! - If you really want to understand the wrath that Liberal Criminal Science has inflicted upon society just read the facts of this OUTRAGEOUS CASE!

"Gardner avoided the death penalty

by reaching a plea deal with prosecutors. His guilty plea last

month has sparked a far-reaching review of how California deals with

sex predators, a campaign that advocates hope to take to

Washington and state capitals.

Calls to stiffen penalties for child sex offenders began almost the moment Gardner was arrested Feb. 28, three days after he attacked Chelsea while she was on an afternoon run in San Diego, strangled her, and buried her

in a shallow, lakeside grave.

Amid their anger, the girls' parents spoke lovingly of their daughters

on Friday.

"Chelsea was everything this man

was not," said her father, Brent

King. "She was as good as this

man is evil."

Impact statements from the families also faulted the justice system for not keeping Gardner confined after an earlier assault on a girl, despite a dire warning in a psychological report. Family members also blamed his mother, Catherine Osborn, who was seated in court.

"She knew what you were capable

of and did nothing," said Kelly

King, Chelsea's mother.

Gardner served five years of a

six-year prison sentence for

beating and molesting a 13-year-old girl in San Diego in 2000. He faced a maximum of nearly 11 years in prison, but prosecutors called for six years.

A court-appointed psychiatrist

urged the maximum sentence

allowed by law. He said in court documents that Gardner was a "continued danger to underage

girls" and "an extremely poor candidate" for treatment.

Maurice Dubois, Amber's father,

read the report by psychiatrist Matthew Carroll during his

impact statement.

He likened his daughter's killer to a mountain lion whose instincts are to stalk and attack. If the zookeeper

frees the lion from captivity, he

asked, who is responsible for the killings that come after?

The case has put California's parole system under the microscope.

Gardner lived little more than a football field's length from a San

Diego preschool for at least 16

months while on parole from 2005 to 2008. That violated a condition of parole that prohibited him from

living within a half-mile of a school.

A corrections department official let him stay until his lease expired in

2006 but no one noticed he was still living there until a year later. The parole board could have sent him

back to prison but kept him on

parole, where he had six other less serious potential violations.

Gov. Arnold Schwarzenegger has ordered a state board to review

the parole system.

Brent and Kelly King are leading a campaign for "Chelsea's Law" to

allow life sentences for some

convicted child molesters in

California and lifetime electronic monitoring of others. The bill, which cleared its first legislative committee last month, would also ban sex offenders from parks.

Chelsea was a straight-A student who ran on the cross-country team in suburban Poway, played French

horn in a youth symphony and was active in her school's peer

counseling program.

The discovery of Chelsea's semen-stained clothing during a massive search quickly led authorities to Gardner. Days later, he led investigators to Amber's remains

in a remote, mountainous area

north of San Diego.

The investigation into Amber's disappearance had gone nowhere

since the Future Farmers of America member disappeared walking to

school in suburban Escondido in February 2009.

Gardner led authorities to Amber's remains on condition that the information not be used in court. Investigators were unable to independently link him to the crime, and his guilty plea to that murder

was a big reason why the death penalty was dropped.

Gardner also pleaded guilty to attempting to rape the jogger on

Dec. 27, near the spot where he

attacked Chelsea."
 

If that doesn't have your blood boiling then you are not a human being! -

Both of the young girls that this

Animal killed would be alive today IF the California Parole System had done its job, but no Californian should ever count on the Government of California to protect them and their family because the Government is filled with Wacko Liberals that actually have a deep love for criminals and law breakers, especially after they have raped, mugged, robbed and murdered people - Yes, after the crime has been committed is then when the

Wacko Liberal Criminal Lovers

swing into action and then they work like Hell until those very same violent predators are back on the streets to wreak even more damage upon the society - There are people in the California State Government that

have the blood of these two young

girls on their hands, but here's the

real kicker:  THEY COULD CARE

LESS that these two girls died or

that 1,000 or 1 Million will die in the future - They care only for themselves and of course, working like crazy to

put criminals back on the streets so they kill again! - That is one of the reasons why the People of California and America are Pissed Off, but only one of the reasons you Elitist Bastards in Elected and Appointed Office that care nothing about anything but

getting elected to office and lining

your own pockets, often with

the People's Own Money! - Girls'

killer cries after scolding in court

If it isn't the Federal Government working night and day to make the Greedy Bastards on Wall Street even richer, we now are finding out that another part of the Federal

Government, the Minerals

Management Service, is nothing more than an arm of the Oil Industry! - Get

a load of the some of the Outrageous

BS that has been going on at the MSS

as reported by the NY Times:

"The federal Minerals Management Service gave permission to BP and dozens of other oil companies to drill

in the Gulf of Mexico without first getting required permits from another agency that assesses threats to endangered species — and despite strong warnings from that agency about the impact the drilling was

likely to have on the gulf.

Those approvals, federal records

show, include one for the well drilled

by the Deepwater Horizon rig, which exploded on April 20, killing 11 workers and resulting in thousands of barrels

of oil spilling into the gulf each day.

The Minerals Management Service, or M.M.S., also routinely overruled its staff biologists and engineers who raised concerns about the safety and the environmental impact of certain drilling proposals in the gulf and in Alaska, according to a half-dozen current and former agency scientists.

Those scientists said they were also regularly pressured by agency

officials to change the findings of

their internal studies if they

predicted that an accident was likely

to occur or if wildlife might

be harmed.

“M.M.S. has given up any pretense of regulating the offshore oil industry,” said Kierán Suckling, director of the Center for Biological Diversity, an environmental advocacy group in Tucson, which filed notice of intent to sue the agency over its noncompliance with federal law concerning endangered species. “The agency

seems to think its mission is to help

the oil industry evade

environmental laws.”

The accusation that the minerals agency has ignored risks is also

being levied by scientists working

for the agency.

Managers at the agency have

routinely overruled staff scientists whose findings highlight the environmental risks of drilling, according to a half-dozen current or former agency scientists.

The scientists, none of whom wanted

to be quoted by name for fear of reprisals by the agency or by those in the industry, said they had repeatedly had their scientific findings changed

to indicate no environmental impact

or had their calculations of spill

risks downgraded.

“You simply are not allowed to conclude that the drilling will have

an impact,” said one scientist who

has worked for the minerals agency

for more than a decade. “If you find

the risks of a spill are high or you conclude that a certain species will

be affected, your report gets disappeared in a desk drawer and

they find another scientist to redo

it or they rewrite it for you.”

SOBs! - Not that anyone here at Mad

As Hell And... is surprised about the

MMS or that dozens of other Federal Government Agencies work continuously to make a select group

very rich at the direct expense of the American People! - If one reads this

NY Times article completely then

there seems little doubt to us that

there are dozens of people both inside and outside of Government that could be indicted for breaking US law, but we are not holding our breath that anyone in the Federal Government is going to

do anything different than what they have been doing for decades now:- Serving the interests of people with money that put politicians into

elected office! - America must have

the oil and natural gas that we can get

to safely offshore, but the Federal Government should not be violating

US law and the public's trust in order

to obtain those energy sources and

until someone in elected or appointed office in OUR COUNTRY stands up for The People instead of working for the "Interests" nothing is going to

change - That is the Sad Reality of the United States of America in the early part of the 21st Century and

politicians wonder why the American People are Pissed Off? - What

Morons! - U.S. Said to Allow

Drilling Without Needed Permits

The 2010 Pulitzer Prize for Editorial Cartooning, Mark Fiore, strikes again against the Greedy Bastards on Wall Street and Hits the Target DEAD ON! - Isn't it ironic that the Wall Street Bastards are always lecturing us

Stupid Peons, the American People,

that the Free Market and the Las Vegas Casino that are the US Capital Markets must be allowed to operate without much regulation or government interference?.....But it is the very same Greedy Wall Street Bastards that had

to come crawling to the American People to bail their asses out of sling in 2008 and wouldn't be able to turn a buck if they didn't have their Momma (Uncle Ben Bernanke at the Federal Reserve and the US Government) handing them Free Money at every turn! (And don't forget the bailouts of Fannie Mae and Freddie Mac which are nothing more than ANOTHER MASSIVE BAILOUT OF WALL STREET!) - Oh, the Irony, Oh,

the Stupidity, Oh, the Madness, but

just another Day in the World of the Wall Street Bastards and their Free Markets....Uhhhh....More Like the

Wall Street Bastards are the Biggest Welfare Queens on Planet Earth that don't now and Never will in the future have the ability or guts to operate in

the Real World without the

Government bailing their sorry Asses out! - Don't Forget Wall Street

Bastards, first thing each morning

call your Momma, Uncle Ben

Bernanke, down there in Washington

DC and get plenty of the Taxpayers Money so you can open that Las Vegas Casino, because we can't risk that the Wall Street Bastards won't have

plenty of $$$$$$ to waste in the Hamptons this summer! (While public school teachers across America are getting fired in droves) - Again, Great Work Mark Fiore! - Give Him A Hand!

With 1 Ounce of Gold now selling for North of $1,200 Dollars it looks as if the world now has a New Reserve Currency and it doesn't have the pictures of Dead Presidents (and 1 US Treasury Secretary) on it! - Yes, with Governments spending money like

mad and running up debt that will

never be able to paid off and even

paying the interest on all that debt is

in doubt, Investors are just acting rationally by moving their wealth into Gold...but this is nothing new - Get a look at the 10 Year Chart for Gold:

That's right, over the past 10 Years

Gold has returned 340.79% for holders of the New World Reserve Currency! - Now let's see here, what has the investment that every stockbroker

from here to Timbuktu has been

putting their clients into for as long

as anyone here at Mad As Hell And...

can remember....Hmmmm..., what

was the Total Return of the S&P 500

over the past 10 years:

That's right, the S&P 500 has returned

a Whopping - 1.19 % over the past Decade! (That is a NEGATIVE 1.19 %

so with even modest inflation you

have lost your rear-end in stocks over the last 10 years!) - WooHoo! - Now,

Governments around the world seem determined to keep spending money that they do not have and that means

all those bills with Dead Presidents

(and 1 US Treasury Secretary) on it

will be losing value with what will be

an eventual race to monetize all that debt...which means it must give a

warm feeling inside to people that

are sitting with a lot of gold in their portfolios! - The next time someone

tells you that the Stock Market

always goes up over time and that

Gold is for suckers....just tell them

to GET A CLUE! - Will Gold continue to go up?  We haven't a clue - Will Governments continue to pile up debt and print money? - ABSOLUTELY!

Gold Prices Extend Climb

Everyone in Washington D.C. is operating under the false idea that

The Federal Reserve pumping out Billions of Dollars (Printing Money Around the Clock!) will save the American Republic, but as with most things that don't seem like Common Sense to the average American in the street, The Fed and Washington Elite are only Pushing on a String that will break! - Take a Gander at this reality you Fools:

"The return on each new dollar of

US debt is plummeting to new lows according to figures from the

Federal Reserve

I have been watching this chart

for the past ten years, as part of the dynamic of the sustainability of the bond and the dollar as the limiting factor on the Fed's ability to expand

the money supply."



"The ability to expand debt is contingent on the ability to service debt. If the cost of the debt rises over the net income of the country's

capital investment, or even gets close

to it, the currency issuing entity is trapped in a debt spiral to default without a radical reform.

In other words, if each new dollar of debt costs ten percent in interest, largely paid to external entities, and

it generates less than ten cents in domestic product, it is a difficult task

to grow your way out of that debt without a default or dramatic restructuring.

So we are not quite there yet. But we

are getting rather close on an historic basis. Without the implicit subsidy of the dollar as the world's reserve currency it would be much closer.

The economy is out of balance,

heavily weighted to a service sector, especially the financial sector which creates no new wealth, but merely transforms and transfers it. With stagnation in the median wage, and an historic imbalance in income distribution skewed to the top few percent, with the banks levying

de facto taxation and inefficiency on the economy as a function of that income transfer, there should be little wonder that the growth of real GDP

is sluggish in relation to new debt.

Or as Joe Klein so colorfully phrased

it, the elite have been strip-mining

the middle class in America for the

past thirty years.

Along with the 'efficient market hypothesis,' trickle-down economics

is also a fallacy. This is why the stimulus program being conducted by the Federal Reserve, in an egregious expansion of its authority to conduct monetary policy, in subsidies and transfer payments to Wall Street is

not working to stimulate the real economy. It merely inflates the

bonuses of the few, and extends

the unsustainable.

So obviously one might say, "The

Banks must be restrained, and the financial system reform, and the economy brought back into balance, before there can be any

sustained recovery."

Amen to that! - Not that anyone in Washington D.C. is paying attention or focused on anything but keeping the Printing Press running which is doing nothing more than impoverishing America, destroying our children's future, and making the Greedy

Bastards on Wall Street VERY RICH! - Here Is Why The Fed Cannot

Simply Continue To Inflate Its

Way Out of Every Financial Crisis

It Creates

Surprise - Surprise! - No, Actually it's not a surprise....Pacific Gas & Electric now acknowledges, after denying it for months, that TENS OF THOUSANDS of its "SmartMeters" have improperly overcharged Californians! - As we said, not really a surprise, because PG&E

has made a habit of ripping off the People of California in recent years, often with the full support of state government and agencies! - That PG&E is ripping off customers does not surprise anyone here at Mad As Hell And..., but the real scandal is that Utility Companies, the California Legislature and the Public Utilities Commission have been working

together to STICK IT TO to the People

of California  with a Massive Increase

to Electricity Prices in the state! -

PG&E has been allowed to implement

a bogus "Tier-Rate" structure that allocates a very small amount of

energy for each household and then

runs up Electricity Prices which

reach .50 cents per KWh!

PG&E "Tier-Rate" Electricity Rate Schedule:

Tier 1 - 11.8 cents KWh

Tier 2 - 13.4 cents per KWh

Tier 3 - 28.6 cents per KWh

Tier 4 - 42.4 cents per KWh

Tier 5 - 49.8 cents per KWh

 That top rate is about .40 cents a KWh over what most of America pays and what PG&E is actually paying for the electricity themselves! - Like we said, just another MASSIVE RIP-OFF of the People of California! - All brought to  you by the Idiots (California State Employees) that are very good

at two things:

1.  Sticking it to the People of

California

2.  Retiring at age 50 with 90 percent

of their last salary and selling their vacation and sick days for Hundreds

of Thousands of Dollars!

  Yes, PG&E finally admits that their "SmartMeters" have been stealing lots

of money from Californians but the

Real Scandal is that PG&E is in unholy alliance with the California

Government to both Stick-It to Californian and Destroy the Golden Broken State Economy! - PG&E acknowledges thousands of

inaccurate utility bills

If one wants to know everything that is wrong with governments in the United States look no further than California Watch's story on lobbyists for the chemical industry and their desire to shut-down attempts by Connecticut

and California to ban the chemical BPA from cans and baby items - From

the story:

"As leaks go, this one was scandalous.

A year ago, the Milwaukee Journal Sentinel and Washington Post wrote about the minutes of a strategy session among grocery and chemical industry lobbyists. They were brainstorming about how to defeat laws that would ban the chemical Bisphenol A in Connecticut and California.

The group doubted it could convince a scientist to serve as its spokesperson, the minutes say, a nod to mounting evidence that the chemical may result in birth defects and disrupts hormones in children.

So they would resort to "fear tactics," emphasizing the harm a chemical ban might have on the poor and minorities. A pregnant mother would be the "Holy Grail" spokesperson, according to the summary of the gathering at the Cosmos Club, a tony Washington, D.C. social club.

The plan backfired in Connecticut.

The state’s attorney general read

about the meeting and blasted the campaign for "confusion and concealment.' Connecticut lawmakers had just passed a Bisphenol A ban for baby bottles and formula cans.

In California, though, the plan

seems to have worked like a charm."

Just great! - The problem is that Liberals scream we need more money

for Government and Conservatives say leave Business alone and the fact of the matter is that none of these Bastards GIVE TWO RIPS ABOUT THE

PEOPLE THEY ARE SUPPOSED

TO WORKING FOR!

Memo to Elected Leaders:  YOU WORK FOR US, THE AMERICAN PEOPLE! - Unfortunately, most of the Sorry

Excuse for Public Servants work for the last SOB that walked thru their door offering "Campaign Contributions" and here is the sad reality:  Most of these "Elected Leaders" would sell out the American People, their constituents

and often even their own families to

stay in political office because they love the "Game of Politics" more than life itself! - Are we surprised that the Chemical Industry would sacrifice the safety and health of babies in order to turn a Buck and that our elected

leaders would help the Chemical Industry to do just that? - Not in the least and that says all you need to know about Governments on all levels in the Roman Empire of the 21st Century, otherwise known as the United States

of America! - Lobbyist "fear tactics" to fight BPA ban seem to be working
 

Afghan President Hamid

Karzai says that...

"Morally, Afghanistan should give access as a priority to those countries that have helped Afghanistan massively in the past few years,"

Karzai told the institute.

"What . . . we have to reciprocate

with is this opportunity of mineral resources, that we must return at the goodwill of the Japanese people by giving Japan priority to come

and explore and extract."

What the Hell? - Hamid Karzai

believes that JAPAN should have priority to the mineral resources of Afghanistan? - Our only question

after Karzai's comment is:

When is the United States of America going to toss this Karzai character

out on his ear?

Why is it that the United States of America is sacrificing the lives of

Americans in Afghanistan and

spending HUNDREDS OF BILLIONS

OF DOLLARS so Karzai, his corrupt brother and cronies can sit in Kabul

and steal Billions from both the

Afghan people and even America? - If this crapola continues this will just be

a replay of the Idiocy of Iraq where

we spent $1 Trillion Dollars to rid the Iraqi people of Saddam Hussein and gave the Iraqis the opportunity to form a Democracy, but the Buffoons in the Bush Administration did not make

sure that the United States had first

dibs on Iraq's oil resources at market prices! - Are these people in

Washington DC just stupid or can they just always be played as the

chump....or is it actually both? -

 Stupid and The Chump! - What the Obama Administration needs to do is

to send an envoy over to Afghanistan and tell Karzai that he and the corrupt clowns in his government have

24 hours to get the Hell out of the country or we will drop all security around the Afghan government - Is there anyone in Washington DC with

the balls to tell Karzai how it is going to be or will these Candy Asses on the Potomac continue to pour our Money and Treasure into Afghanistan and let Karzai to play our Republic and thus

the American People as the Idiot? - Please, get a clue and let's start acting like the leading country on the planet today instead of a frightened schoolchild that is afraid of its own shadow -  Japan Has "Priority" On Rights To Mine Afghanistan Mineral Deposits Says Hamid Karzai

What?  A former contractor for BP says that BP never received federal

approval at Another Gulf Rig? - What the Hell? - As reported by the Washington Post and Business

Insider:

"The overwhelming majority of documents and drawings had never received any engineering approval at any phase of development," Kenneth

W. Abbott, who was fired in February 2009, says in testimony prepared for delivery Thursday to a House subcommittee"

Is there anyone driving this train with the Federal Government or are these just a bunch of Lackeys and Buffoons that are constantly running around Kissing the Rear-Ends of Big Oil Companies? - Criminal investigation

of BP? - Hell, we need to open a

criminal investigation of these

Bastards in the Department of Interior that may have sold the Gulf of Mexico and the American People down the river! - IT GETS WORSE:  Former Contractor Says BP Never

Received Federal Approval

At ANOTHER Gulf Rig
 

Of course CalPERS, the state of California's pension program manager, is about to ask the state for $600

Million Dollars to shore up the Incredibly Stupid decisions made by their Clueless Investment Managers

and Leaders - Yes, this makes perfect sense that CalPERS would be hitting

the state up for $600 Million Dollars on top of the over $3.3 BILLION DOLLARS they they now get from the state of California! - The Donkey in the room here is that the REAL REASON that California is imploding is that the Massive Amount of Government Employees on the Payroll Currently

and that are now Retired that are draining BILLIONS OF DOLLARS from schools and public safety! - Throw in

the Outrageous California Air

Resources Board which is a 1 BILLION DOLLAR Boondoggle that along with

AB 32 is destroying thousands of jobs

in the state and you have a recipe for disaster all created by the Buffoons

 in Sacramento! - Does anyone in Sacramento give two rips about the People of California? - Not a Chance in Hell that they would because they are

all owned lock, stock and barrel by

any SOB that stops by their office and drops off a few coins for their "campaign!"- CalPERS looking for

$600 million from state

It is time for the US Government, OUR GOVERNMENT Who Work For the American People Don't Forget, to quit playing Footsie with these Bastards at BP and start arresting these SOBs! - Check out the latest from the BP BS!

BP engineer called doomed rig a "nightmare well"

"BP took measures to cut costs in the weeks before the catastrophic blowout in the Gulf of Mexico as it dealt with

one problem after another, prompting

a BP engineer to describe the doomed rig as a "nightmare well," according to internal documents released Monday.

The comment by BP engineer Brian Morel came in an e-mail April 14, six days before the Deepwater Horizon rig explosion that killed 11 people and has sent tens of millions of gallons of oil into the Gulf in the nation's worst environmental disaster.


In a letter to BP CEO Tony Hayward, Reps. Henry Waxman, D-Calif., and Bart Stupak, D-Mich., noted at least five questionable decisions BP made in the days leading up to the explosion.

"The common feature of these five decisions is that they posed a

trade-off between cost and well

safety," said Waxman and Stupak. Waxman chairs the energy panel

while Stupak heads a subcommittee

on oversight and investigations.

"Time after time, it appears that BP made decisions that increased the risk of a blowout to save the company time or expense," the lawmakers wrote in

the 14-page letter to Hayward. "If

this is what happened, BP's carelessness and complacency have inflicted a heavy toll on the Gulf, its inhabitants, and the workers on

the rig."


Despite warnings from its own engineers, "BP chose the more risky casing option, apparently because the liner option would have cost $7 to $10 million more and taken longer," Waxman and Stupak said.

In a brief e-mail exchange, Morel and

a colleague, Richard Miller, talked about the last-minute changes.

"We could be running it in 2-3 days, so need a relative quick response. Sorry for the late notice, this has been nightmare well which has everyone

all over the place," Morel wrote on

April 14.

In spite of the well's difficulties, "BP appears to have made multiple decisions for economic reasons that increased the danger of a catastrophic well failure," Waxman and Stupak said."

OK, that's it! - Instead of the Congress taking testimony from the CEO of BP

and the President meeting with the

CEO and Chairman of BP we should arrest both of these SOBs when they

land in the United States and "Perp Walk" their Asses out of the airport in front of TV cameras so that the American People know that OUR GOVERNMENT is actually doing something! - Companies should not

be allowed to play Russian Roulette

with our Environment and our Gulf of Mexico and it is way past time to start tossing CEO's in jail that commit

crimes against the American People

and OUR Republic! (Of course, that would mean that most of the Wall

Street CEO's would already be in

jail!) - BP engineer called doomed

rig a "nightmare well"
 

If you don't think that the Number of Government Employees and their Outrageous Salaries and Pension Benefits are OUT OF CONTROL get a eyeful of this Madness! - In the City

and County of San Francisco, that has

a population of only 808,977 people has 9,488 Government Workers that make over $100,000 A YEAR! - That is Absolute and Complete Madness and just imagine for a moment the Massive Pensions that these Government Workers will be hauling down with only 20 to 30 years on the job! - If you don't think California is headed toward and complete and absolute bankruptcy then you are not paying attention! - City of San Francisco Top Earners

 Always More $$$$$$$ - That is

Always the Answer in Washington DC....Isn't It? - That the Obama Administration is asking the Congress for $50 BILLION DOLLARS for the

states so that lots of Government Workers will not be laid off only shows the Absurd Position that Government

on all levels has grown to in recent

years - The Fact is that State Governments exploded their state payrolls in recent years all based on Bogus Economic Bubbles Ginned
Up by the Federal Reserve not

managing US Monetary Policy in an appropriate manner (Got Alan Greenspan and Uncle Ben Bernanke?) and now we have the Federal Government arguing that we must

throw more money at people that

should have never been hired in the

first place so that the Economy will

not go down even further! - Is this

the Bizarro-World that we are

 living in? - All this $$$$$$$$ is not about Firefighters, Policemen and Teachers, but about the Massive Government Bureaucracies that have been built up in Recent Years that are paying these people at much higher rates and with much more generous pensions than the people paying their salaries even have! - Yes, this is

the Bizarro-Land!

We will tell you about what this $50 BILLION DOLLARS request is all

about - It has nothing to do with firefighters, policemen and

teachers....It is nothing more than another Massive Washington Bailout, this time for the Public Employee Unions that don't Give a Damn about anything but getting more and more $$$$$$$$ from the American People!

Always More Money....When the Hell

will this irresponsible and outrageous spending on all levels of Government ever end? - Since 99 percent of our "Elected Leaders" rather like spending the American People's $$$$$$$ they

will only stop when the US Government is not able to borrow money at a reasonable interest rate - That day is coming and when it arrives these Bastards in Washington DC are going

to have nothing left to do because all

the politicians in the last 30 years

have done nothing but spend more

and more money without a care in the world where it was coming from or

how it would ever be paid back - This

is just a short-term measure the

Obama Administration claims, but in reality this $50 Billion is already

about the 5th installment on what

will become the Massive Bailouts of

states like California that  have thousands of employees on the government payroll that could be

fired tomorrow and no one would

notice a thing had changed! - Yes, give Billions to the Buffoons in California, but be prepared for the next time around, and there will be a next time, because this Bailout will be a signal to the Morons in the Golden Broken State that all of their outrageous spending was A-OK and they would only keep spending more and of course looking

to Washington for the money to fund

all that spending! - Yes, that makes perfect sense! - Obama pleads for $50 billion in state, local aid

Do you want to know why the American People are Pissed Off! - We are Pissed Off when we ready headlines like this:

Additional BP Tankers Aren't

Expected Until July

What the Hell? - Are the Three Stooges Overseeing these BP Bastards? - Get

a load of this CRAPOLA:

"The Obama administration's point man for the Gulf Coast oil spill on Friday said it will be at least July before BP PLC has the tankers in place to capture the latest estimates for

crude flowing from the blown well.

Even if undersea efforts to direct the

oil to the surface succeed, it will take weeks to get the proper equipment in place to hold it, Coast Guard Adm. Thad Allen said. Mr. Allen gave reporters the update in Washington a day after a government task force said the blown-out well may have been spewing as many as 40,000 barrels

of oil a day—twice as much as the government's previous worst-case estimate.

He acknowledged that reliable

numbers on the severity of the crisis

are hard to get. "I think we're still dealing with the flow estimate. We're still trying to refine those numbers,"

he said."
 

At least July before BP has tankers in place to capture oil flowing from the blown well? - This is Day 53 of the OIL SPILL! - BP should have had tankers and all manner of other vehicles that could be cleaning up this oil spill WEEKS AGO! - What the Hell is going

on down there in the Gulf of Mexico? - Please, someone get Pee Wee Herman

on the phone and put him in charge of this oil spill cleanup because Pee

Wee could run circles around these Buffoons! - Additional BP Tankers Aren't Expected Until July

We may be moving into "High Crimes and Misdemeanours" territory for people working in the US Federal Government and with our "Elected Politicians" that are supposedly representing the American People - Consider this headline from the

New York Times:

Efforts in Gulf to Limit

Flow of Spill News

"When the operators of Southern Seaplane in Belle Chasse, La., called

the local Coast Guard-Federal

Aviation Administration command center for permission to fly over restricted airspace in Gulf of Mexico, they made what they thought was a simple and routine request.

A pilot wanted to take a photographer from The Times-Picayune of New Orleans to snap photographs of the oil slicks blackening the water. The response from a BP contractor who answered the phone late last month at the command center was swift and absolute: Permission denied.

“We were questioned extensively. Who was on the aircraft? Who did they work for?” recalled Rhonda Panepinto, who owns Southern Seaplane with her husband, Lyle. “The minute we mentioned media, the answer was:

‘Not allowed.’ ”

Journalists struggling to document

the impact of the oil rig explosion

have repeatedly found themselves turned away from public areas

affected by the spill, and not only by

BP and its contractors, but by local

law enforcement, the Coast Guard

and government officials.

To some critics of the response effort

by BP and the government, instances

of news media being kept at bay are just another example of a broader problem of officials’ filtering what images of the spill the public sees.

Scientists, too, have complained about the trickle of information that has emerged from BP and government sources. Three weeks passed, for instance, from the time the Deepwater Horizon oil rig exploded on April 20 and the first images of oil gushing

from an underwater pipe were

released by BP.

“I think they’ve been trying to limit access,” said Representative Edward

J. Markey, a Democrat from Massachusetts who fought BP to

release more video from the

underwater rovers that have been filming the oil-spewing pipe. “It is a company that was not used to transparency. It was not used to

having public scrutiny of what

it did.”
 

What the Hell? - Let's make this very clear:  The American People have a

right to know every Damn thing that is happening in OUR GULF OF MEXICO and if anyone in the US Federal Government (the one the American People own....oh, that's right the Wall Street Bastards actually own it!) is restricting the right of the "Free Press" to cover the oil spill in the Gulf then they are putting at risk their future Freedom - We still have Elections in

our Republic and the Democrats and Republicans should not assume that a member of one of their political parties will be sitting in the White House come January 2013 - Everything that every Politician, Wall Street Bastard, Corporate Leader had done in the last decade could very well be under

intense scrutiny in only a couple

of years and that means people

working for the US Federal

Government should be working

for The People and NO ONE ELSE!

The Wall Street Bastards have a lot of schemes and levers constantly moving that are aimed at finding ways to

Rip-Off the American People and Hoodwink what they see as the Clueless Government Bureaucrats, but the most OUTRAGEOUS thing that the Bastards of Finance have going right now is the tax rate that they pay on "carried interest" - What is "carried interest"

 the average American asks? - Good question! - Basically,

"carried interest" is the shares of

profits that managers of funds, limited partnerships, hedge funds and other financial schemes these SOBs dream

up which over time throws off income

to those managers and unlike 99 Percent of Americans that pay the Ordinary Income Tax Rate on what they "Put

into their pocket" (up to 35 Percent!) these Bastards only pay a 15 Percent Income Tax Rate on their income! -

 No, this is not a joke! - These Financial Bastards not only get their precious rear-ends bailed out every time they

get their butts in a sling and have an unlimited and basically free credit line of money at the Federal Reserve, many of these Bastards pay the same OR

EVEN LESS of an Income Tax Rate

than the laborer in the fields, the construction worker, the waitress,

and the Average American! - The Wall Street Journal has a very good article

on this sad reality where they write:

"A three-year battle over how the federal government taxes investment partnerships is coming to a head, after Senate Democrats unveiled a proposal that would more than double the taxes on private-equity, hedge-fund and certain real-estate managers.

The move is the strongest indication

yet that financiers will pay higher taxes to help close an expanding U.S. budget gap. Congress is taking aim at the perceived excesses of the

financial-services industry, but the proposed changes have implications well beyond Wall Street.

The proposed law would tax "carried-interest" income, or the share of profits that fund managers receive as part of their compensation. This income is currently taxed at a 15% rate, while

the ordinary income by most wage earners is taxed at up to 35%. The new law would raise the tax rate for partnership income to an effective

30% in 2011 and 33% in 2013
 

A vote on the bill isn't expected until next week, leaving room for last-

minute horse-trading. Still, there is a growing expectation on Capitol Hill that a version will pass, showing how sentiment has shifted in Washington. The financial industry had blocked similar bills several times in the

past three years.

Industry executives continued to

attack the plan, swarming Capitol

Hill to make their case. Stephen Schwarzman, the chief executive of Blackstone, and Leon Black, head of Apollo Global Management, were in Washington Monday and Tuesday meeting with lawmakers.

The section of the bill that most

rankles financiers is the enterprise-value tax. Lawyers and lobbyists for investment-management partnerships describe the provision as punitive and having no precedent. The sale of a grocery store, manufacturer or bank would still be taxed at lower capital-gains rates."
 

Of course the Wall Street Bastards are

in Washington DC meeting, begging

and no doubt buying off our "Elected Leaders" with campaign contributions

if only they will keep this

OUTRAGEOUS AND SWEET TAX

BREAK for a very small group of

 very wealthy SOBs!

Here is what we think at Mad

As  Hell And...

The US Tax Code is a Travesty! - The

US Tax Code is no longer a vehicle

to raise the largest amount of Tax Revenue at the Lowest Possible Tax Rates, but merely a thing used by wealthy people and companies to get their own preferred tax breaks which

all just terribly undermines the American Republic - If you can show up in Washington DC with a pile of Cash and Buy off OUR "Elected Leaders"

with campaign contributions which leads to you getting a Much Larger Pile of Cash then we no longer have a Republic but merely a Crap Game in a Back Alley that is not only unseemly

but has rigged dice that always come

up just right for the folks with the $$$$$$ while the Average Hard

Working American Takes It in the

Gut! - It is way past time to go back

to First Principles in America:  If you put a Dollar into your pocket you will pay a minimum amount of tax on that Dollar and as more Dollars go into your pocket you will pay a moderately

higher tax rate capped somewhere at the Federal Level in the mid 30 Percent Range - All Americans, even these Wall Street Bastards need to have the

income they put into their pocket or that goes into their bank account in a fair, equitable and American Way and

 it is time to blow-up the current US

Tax Code and replace it one sheet

of paper:

New US Tax Code for

Individuals and Corporations

No Payroll Taxes - No Deductions

of Any Kind - No Capital Gains or Dividend Tax Rates - Very Simple Principle:  If It Goes Into Your Pocket

or Bank Account You Pay An

Income Tax On That Money - All Tax Rates Indexed to Inflation

Individual Tax Rates

Income 0 to 50 K - Tax Rate 10 %

Income 50K to 100K - Tax Rate 17.5 %

Income 100K to 250k - Tax Rate 25 %

Income 250K to Infinity - 35 %

Corporate Tax Rates

Income 0 to 1 Million - Tax Rate 10 %

Income 1 M to 10 M Tax Rate 15 %

Income 10 M to Infinity - Tax Rate 20 %

(1 New Class of Corporation for all companies in America of all sizes so

that all Income will be treated equally for individuals and companies)

You want to get the US Economy

growing again and realign incentives where they should be to get capital flowing back into companies that will then create real jobs? - Then throw the US Tax Code out the window and put

in something very simple that every American individual and corporation can understand and demand that all

the states do the same - Will our "Elected Leaders" do any of that? -

Not a chance in Hell because our "Elected Leaders" are paid a lot of money to keep things complicated

and to create tax breaks for people

 that give them all that money - Just another case of the US Government WORKING FOR EVERYONE BUT

THE PEOPLE THAT ACTUALLY OWN THE COUNTRY! - Showdown on

Fund Taxes

Politico.com recently reported that Public Employees and their Unions are becoming increasingly under fire because of the amount of money and resources that go into maintaining a large government bureaucracy, especially in a time when basic public services like education and health for the poor are being cut - Pols turn on labor unions

 The American People do not bemoan government employees that work in needed jobs to serve the Public especially when they work hard to do their job to the best of their ability, but what really Pisses Off people is when they see Government becoming little more than an Employment Agency so that Public Employee Unions can grow their membership - We could cite incompetent government work until

the cows come home, starting with the Interior Department and BP, the SEC and Bernie Madoff, the entire US Government and the Wall Street Bastards, but below these high-profile cases are people working in the government bureaucracy that are little more than busy-bodies that sit around all day and dream up ways to Stick it

to Legitimate Businesses and the American People

Case in Point:  Maybe the the City of Seattle and its Government workers

are now living and working in

Bizarro-Land, but whatever is going

 on the story with this headline, Macy's rethinks downtown Seattle skybridge

as fee soars, provides great insight

into why the American Republic is circling the drain! - Get a load of

this outrageous BS:

"When the Bon Marché skybridge opened in 1960 in downtown Seattle, city officials established a

$300-a-year permit fee and OK'd the walkway for 15 years.

The Seattle City Council renewed the bridge permit again last week — for

two years. And the annual permit

fee? $31,185.
 

Why are these idiots in the

Seattle government even charging

for a skybridge in the first

place? - That is Outrageous!

Permit fees for skybridges across the city are expected to rise dramatically under a new city formula that weighs adjacent land values to determine how much the owners of skybridges should pay the city. In the case of Macy's, the Bon's successor, store officials in talks with city staff say they are evaluating whether the cost of the skybridge is worth the use it receives.

The new permit formula is "essentially ensuring that the public is getting the fair market value for this

encroachment on their right of way," said Angela Steel, a strategic adviser for the Seattle Department of Transportation.

Skybridges — beloved by department stores and shoppers in downtowns

such as that of St. Paul, Minn., where the weather can be severe — actually are discouraged by Seattle building laws. A 1982 city ordinance sought

to "eliminate the proliferation and adverse effects" of skybridges.

"What a skybridge does is it takes people off of the right of way and puts them up in the air, and leaves usually the people who aren't good enough to

go in the buildings down below," City Councilmember Jean Godden said.

"It's really not very friendly."

Skybridges also block views. A decade ago, the expansion of the Washington State Convention Center included two skybridges that blocked views of Pike Place Market. Councilmembers Nick Licata and Peter Steinbrueck opposed the design so loudly that it nearly derailed the entire project.

"The goal is to have people actually

on the street," said Sally Clark, chair

of the council's Committee on the

Build Environment. "Our highest priority is making sure that the street

is a place that is safe and

convenient.""

What? - Is this article from the Seattle Times a Saturday Night Live skit

making fun of how stupid people in Government really are? - A skybridge

is nothing more than a passageway, a hallway, a way to get from building to building without having to take an elevator down to street level and

then go back up in an elevator - We thought these Wacko Governmental Nuts would like using less energy, but NO, these NUTS can't stand it that

there are people up "in the air"

walking from building to building and saving a few minutes in their day! - No, we can't have that! - Boy Oh Boy, these Government Types are VERY STUPID PEOPLE! - What's next, bathrooms on the 14th floor are not right and

everyone should have to come down to street level to take a piss? - Geez! -

Now you have a little idea of what the American People think about some of these weenies that work in Government that have nothing better to do but

 worry about citizens using

skybridges! - We still think that this is just an April Fool's Joke by the

Seattle Times! - Macy's rethinks downtown Seattle skybridge as

fee soars

Of course the Congressional Democrats do not have the Guts to face the Voters, the American People in Town Halls...

...Is Anyone Really Surprised By That Fact? - Didn't think so! - As reported

by the New York Times the Congressional Democrats are little

more than Cowards because they are afraid that The People they represent might actually ask them SOME

TOUGH QUESTIONS!

"With images of overheated, finger-waving crowds still seared into their minds from the discontent of last August, many Democrats heeded the advice of party leaders and tried to avoid unscripted question-and-answer sessions. The recommendations were clear: hold events in controlled

settings — a bank or credit union, for example — or tour local businesses or participate in community service projects.

And to reach thousands of constituents at a time, without the worry of being snared in an angry confrontation with voters, more lawmakers are also

taking part in a fast-growing trend:

the telephone town meeting, where chances are remote that a testy exchange will wind up on YouTube.

For incumbents of both parties facing challenging re-election bids, few things receive more scrutiny than how, when and where they interact with voters. Many members of Congress err on the side of being visible, but not too

visible, and make only a few public appearances while they are back in their districts."

Yes, GUTLESS DEMOCRATS, but when you don't even have the simple courage to pass a Budget for the US Federal Government through the Congress

when you are RUNNING UP MASSIVE DEFICITS AND DEBTS that will passed on to our children would anyone expect that these spineless and sorry excuses for "Public Servants" would dodge facing the People That Actually

Own the United States of America? - Again, didn't think you would be surprised! - There is only thing that is going to solve the problem of these "Elitists" in Washington DC that don't really Give a Damn about anything but keeping their precious rear-ends in office - It is time in 2010 for the American People to stand-up and to start sending a message to the Useless Bastards in both political parties that have proved they would put the American Republic in danger to serve the SOBs that stuff $$$$$$$ into

their pockets - Be Proud Democrats

for you are the Most Gutless People on the Planet...yes, even worse than the Useless Republicans...which is saying a whole lot! - What a Pitiful and Meaningless Choice the American People face on Election Day - Spineless Democrats that would sell out the country and our children to serve Unions and Trial Attorneys and Republicans that would put at risk the environment and even the Republic itself  just as long as the $$$$$$$ flow keeps coming from the Corporations and Wall Street! - As we said, a

HELLAVA and in reality...NO CHOICE

AT ALL!  - To Avoid Voter Rage, Democrats Skip Town Halls
 

Surprise - Surprise! - Actually, NOT

A SURPRISE AT ALL! - Moody's Investors Service reported today that the Financial "Reform" Bill

championed by the "Water-Carriers"

of Wall Street (About 75 Percent of

the Elected Officials in Washington

DC) does nothing at all to address the problem of Too Big To Fail for the country's largest financial

institutions! - As we said, NOT A SURPRISE AT ALL! - Let's go to the Moody's Report:

"[A] key issue that challenges the feasibility of the proposed legislation

is that it would not fully eliminate the issue of interconnectedness, nor is it likely that resolution authority could fully eliminate the systemic implications of allowing a large

and/or highly interconnected firm to default, especially with respect to

large international groups, and it certainly would not eliminate the risk of contagion," the team of analysts led by Robert Young wrote.

"[T]he interconnectedness and contagion risks would not be completely eliminated, nor would

the incentives and tools for regulators and the government to provide

support via emergency liquidity or other programs that would continue

to be part of the framework,"

they noted."

That seems very straightforward to us here at Mad As Hell And... and it only confirms what many people have said for awhile now, that the Financial "Reform" bill isn't "REFORM" at all! -

If the "Water-Carriers" for the Wall Street Bastards really want to reform the Financial System then they would

be wise to pass a law that would do something similar to what Warren Buffet recommended to the FCIC commission on what should happen to the CEO and his wife if the large financial institution he is running

has to get help from the government

to stay in business:

"The CEO's should lose all of his net worth and his wife should walk-away with nothing as well."

Now that would be Serious Financial Reform because Serious Financial Reform would put every CEO and his employees directly on the line if they made stupid decisions and blow their company up and threatened the American economy - Right now the

Wall Street Bastards can do anything they damn please, take any risk imaginable, scam any person in the world, and the US Government will be there to bail them out! - The Financial "Reform" bill does nothing to address the real problem with Wall Street, namely that the Wall Street Bastards don't give two rips about anything but the Almighty $$$$$$ and they would always swap The American Republic

for turning a Buck! - Until that is

fixed and every Nickel of these

Bastards Net Worth is on the line

with every decision they make the United States of America is at risk

and Wall Street will continue to pose a Clear and Present Danger to the American People - Senate Financial Reform Bill DOESN'T End Too Big To Fail, Major Credit Rating Agency Says 
 

You say that the US Mint is out of

American Eagle Gold Bullion Coins?

"Production of United States Mint American Eagle Gold Proof and Uncirculated Coins has been temporarily suspended because of unprecedented demand for American Eagle Gold Bullion Coins. Currently,

all available 22-karat gold blanks are being allocated to the American Eagle Gold Bullion Coin Program, as the United States Mint is required by

Public Law 99-185 to produce these coins “in quantities sufficient to meet public demand . . "

That the US Mint is out of American Eagle Gold Coins just proves to us that the American People are a lot smarter than the Politicians and Wall Street paper traders think they are! - The American People are smart enough to see a Massive Ponzi Scheme funded

with Humongous Amounts of Debt

when they see it and that there is not a Chance in Hell we will ever be able to pay off all this debt! - Why Oh Why would Americans be buying so much Gold? - Let's go to chart for Gold

over the past decade...

And now the chart for the S&P 500

for the same period...

Seems like the Unwashed "Buffoons

and Idiots" as We The American

People are called by the Ivy League Elitists that have created this Massive Ponzi Scheme and allowed our formerly great Capital Markets to turn into an Unregulated Las Vegas Casino are the ones THAT HAVE BEEN WRONG! - We would recommend the US Mint put in a Very Big Order for Gold because

Uncle Ben over at the Federal Reserve has the Printing Presses going full

blast to prop up his Buddies and Masters on Wall Street and since the Wall Street Bastards count on all that Free Money to pay for all their houses and cars we don't see the Printing Press being shut-off anytime soon! - US Mint Out of Not Only Silver But Gold American Eagles as Well

From The Stock Market is the NOT

The United States of America Department: Doug Short provides a

very compelling comparison of Stock Market's performance in the last

decade compared to its performance after the Crash of 1929:

In other words, people that expect

the Stock Market to make them rich

may be in for ANOTHER decade of mediocre or negative performance -

One day the American People are

going to wake-up and realize that the Casino Operators and Snake Oil Salesmen that now dominate Wall Street and Finance in our country do not represent the only place one can invest one's savings - Beyond gold and commodities, investing in oneself via education and training so you can get a better job is one good place to spend your money - Another is making investments in your local community, town or city where there are always

lots of young entrepreneurs with

great ideas that are hungry to make a success of their lives - There are commodities like gold, platinum, copper, foodstuffs, etc. that are

actually real products that humans

use everyday in their lives, which

makes them much different from the Casino Chips that these Wall Street Bastards trade-in! - Yes, the American People need to realize that the Stock Market is not America and that there are lots of places to invest one's money with real companies and products that are beyond the control of the Wall

Street Bastards who care about nothing but stealing $$$$$$$ from your

wallet or purse - Now, if we can only

get these Buffoons in Washington DC

to figure out that Bailing Out and Kissing the Rear-End of Wall Street

only Enables these SOB's that don't give two rips about the country - Monetary and Treasury Policy in the United

States should not be concerned with propping up Banks disguised as Vegas Casinos, but instead should be focused on serving the People of the United States - Memo to the Regulators and Monetary Authorities:  These Bastards on Wall Street DON'T GIVE A DAMN about the American People beyond figuring out a way to stealing more of their money so QUIT KISSING THEIR REAR-ENDS! - Is The Market About To Crash, Or Is It Just About To Start A Long Grind Sideways?

At least one good thing is coming out

of the BP Deepwater Horizon disaster and that is the American media are all over this story and are often ahead of the people that should be leading and solving this boondoggle, the US Government! - The Wall Street

Journal has done some topnotch reporting on the lead-up to the explosion of the Deepwater Horizon

and in Tuesday's paper they are back

at it again! - Three Wall Street

Journal reporters, Russell Gold, Ben Casselman and Maurice Tamman

have now gotten almost to the bottom

of what caused the Deepwater Horizon to implode and cause a Massive Environmental Catastrophe and

the role OUR GOVERNMENT played

in this disaster!:

"Just a week before the Deepwater Horizon exploded, BP PLC asked regulators to approve three successive changes to its oil well over 24 hours, according to federal records reviewed by the Wall Street Journal.

The unusual rapid-fire requests to modify permits reveal that BP was tweaking a crucial aspect of the well's design up until its final days.

One of the design decisions outlined in the revised permits, drilling experts say, may have left the well more vulnerable to the blowout that

occurred April 20, killing 11 workers and leaving crude oil gushing into

the Gulf of Mexico.

The Minerals Management Service approved all the changes quickly, in one instance within five minutes

of submission.

Both BP and the MMS have faced growing scrutiny from congressional investigators looking into the Deepwater Horizon disaster and the resulting oil spill. Last week, a Wall Street Journal investigation found that BP had made a series of choices that made the well more vulnerable to a blowout.

BP's flurry of revisions and

re-revisions stands out as uncommon. Of the more than 2,200 wells that

have been drilled in the Gulf since

2004, only 5% have had multiple permit revisions submitted to MMS within one calendar day, according

to a Wall Street Journal analysis

of MMS records.

In only one other case, a 2005 well drilled in just 48 feet of water, has a company submitted three revisions within 24 hours, as happened on BP's well. BP's well was in nearly 5,000 feet of water, which has made dealing with the well far more complicated.

By April 14, when BP filed the first of three permits that would later be amended, the London-based oil company had already faced many problems with the well, including

losing costly drilling fluid and

fighting back natural gas that

tried to force its way into the well.

The problems had caused BP to use eight pieces of steel pipe to seal the well, rather than the planned six

pieces. The permit filed on April 14 dealt with the eighth and final

section, which hadn't yet been

installed in the well.

BP had hoped to get a 9 7/8-inch

pipe—big enough to handle a lot

of oil and gas—into the reservoir. But for the final section, the largest pipe they could fit was a 7-inch pipe. The company had to decide whether to

use a single piece of pipe that

reached all the way from the sea

floor down to the oil reservoir, or

use two pipes, one inside the other.

The two-pipe method was the safer option, according to many industry experts, because it would have provided an extra layer of protection against gas traveling up the outside

of the well to the surface. Gene Beck, a longtime industry engineer and a professor at Texas A&M University, said the two-pipe method is "more or less the gold standard," especially for high-pressure wells such as the one

BP was drilling.

But the one-pipe option was easier

and faster, likely taking a week less time than the two-pipe method. BP

was spending about $1 million per

day to operate the Deepwater

Horizon.

In an April report, a BP engineer concluded that the one-pipe option

was the "best economic case" despite having "some risk" of leaving an open path for gas to travel up the outside of the well. The two-pipe option, the report said, would provide an extra barrier against gas but would only be used if "stability problems" or other issues arose with the well.

In addition to well-design tweaks, the company's day-to-day operational plan was also in flux, according to testimony from an investigative hearing held by the Coast Guard and MMS in Kenner, La., last week.

On Thursday, Jimmy Wayne Harrell,

a Transocean employee who was the rig's offshore installation manager, said "the drilling program was constantly changing."

He testified that BP representatives overseeing the job had repeatedly altered plans in the days leading up to the accident, and he had had to argue to ensure certain tests were done.

BP senior drilling engineer Mark

Hafle, in testimony on Friday at the same hearings, blamed the multiple well-design corrections on an inexperienced data entry

employee who "made some

typos" filling out the forms."

If the above details on the days

leading up to the explosion and eventual sinking of the Deepwater Horizon oil rig doesn't convince everyone that is paying attention that BP put the Almighty $$$$$$$$ ahead

of the Environment and Even Their

Own Employees then NOTHING

WILL! - It is time for the United

States Government to fully hold BP

and its subcontractors and partners completely responsible for the disaster that is now unfolding in the Gulf of Mexico! - At a minimum BP should be required to post a $25 Billion Dollar Deposit with the US Treasury to make sure they will completely pay for

the costs to cleanup up OUR Gulf of Mexico! - BP Revised Permits

Before Blast
 

If you would like one thing that can

sum up everything that is wrong

with the Federal Government and Washington DC, look no further than

the recent Pennsylvania Democrat Primary for the US Senate - First we have a long-time sitting Republican US Senator in Arlen Specter switching to the Democrat Party ONLY because he knew he would have lost in the Republican Primary - Yes, that is bad, but it gets worse - Arlen Specter's opponent in the Democrat Primary, 1st term Congressman Joe Sestak is approaced by a former President of the United States in Bill Clinton (Now, we are assuming you actually believe this Clinton - Sestak story, which only a TRUE MORON would really believe is

the truth...but we digress) and is

offered an "unpaid position" if he

would drop out of the race against Specter (Again, if you believe this Clinton - Specter job offer story you are either a TRUE MORON or a Member of the National Media in Washington

DC!) - Joe Sestak tells Bill Clinton that he will just run for the US Senate seat against Specter and then beats him in the Democrat Primary and the White House then embraces Sestak against

the Republican candidate in the November election - Yes, that sounds fine, if the United States of America

is a Banana Republic of the First Order and we have folks representing The People (Remember, the folks that actually OWN THE COUNTRY?) that would be better suited to running a whore house! - President Harry

Truman had these Bastards in Washington DC "called Public

Servants by the Clueless Media!"

long ago:

"My choice early in life was either to

be a piano-player in a whorehouse or

a politician. And to tell the truth, there's hardly any difference."

Oh, that's RICH and VERY

ACCURATE! - Yes, the "Elected

Leaders" are bad enough, but the REAL PROBLEM in America is that the News Media that supposedly covers these Bastards is little more than their ENABLERS and like most Enablers you can get them to believe anything if

you just repeat it often enough! - The Government Types and Media Types

 like to act like they have an

adversarial relationship, but in reality in the watering holes and salons of

DC, Georgetown and Alexandria, VA they are laughing and carrying on

and crowing about what a bunch of

saps the American People are! - One day, maybe we will actually have a member of the media that will have the Guts to stand-up when a "Public Servant" is prattling on about

Absolute BS and that media member

will say:

ENOUGH WITH THE BS!  How about just telling the truth for once!

Will that ever happen?  Not a chance

in Hell because if the Media actually started covering the Government they all couldn't get together at events like the Gridiron Dinner and Kiss Each Others' Asses and act like they are all going to the Oscars when they are supposed to be doing and covering

the Nation's and The People's

Business! - No, don't hold your

breath on that happening, unless of course it might involve covering a politician that might upset their

cozy little set-up and expose the Bastards in both Government and the

Media for what they really are:  In

bed with each other and loving every minute of it! - Those Nuisance Voters

The National Oceanic and Atmospheric Administration (NOAA) came out with its annual ominous hurricane warning this past week, NOAA hurricane

forecast alarming, that in 2010

we are going to have:

14 to 23 storms big enough to be named

Eight to 14 hurricanes — storms

with winds of 74 mph or greater.

Three to seven major hurricanes —

those with winds exceeding 111 mph.

Oh No!  BATTEN DOWN THE HATCHES.....Hold it a minute,

hasn't NOAA been wrong on their hurricane forecast 75 percent

of the time, 3 of the last 4 years and wrong 7 of the last 11? - Yes, that

is right which reminds us of

our old friend:

Dr. James Hansimian!

We have already proved here at Mad

As Hell And.. that a monkey could run circles around the California Pension Fund CalPERS in generating returns

on pension investments, but could a monkey beat the National Oceanic

and Atmospheric Administration (NOAA) in predicting the number of hurricanes each year? - ABSOLUTELY, and our money would be with the monkey, because as pointed out by

the National Center for Public Policy Research NOAA has been wrong about the number of Hurricanes  3 out of

the last 4 years and 7 out of

11 years! - Bring on the Monkey,

James Hansimian, PhD! -

Dr. James Hansimian's

Hurricane Forecast Center

Hell, the US Government has bailed

out everyone from the Greedy Wall Street Bastards, to the car companies,

to the US Mortgage Markets, to Public Employee Union Employees in every state....so why not just go ahead and start bailing out private pensions! -

Yes, that makes Perfect Sense in Bailout-Americana! - Hell, let's not

stop with bailing out Private Pension plans, why don't we just call up Uncle Ben Bernanke over at the Federal Reserve and see if the Pentagon has some empty warehouses somewhere

that are not being used and we can just build some more printing presses and  Print Trillions more $$$$$$$ and just transfer $1,000,000 DOLLARS into

every American's bank account! - If

you don't have a bank account, don't worry, the Federal Government will

just bring the $1,000,000 DOLLARS to  your house, or rather $1,000,000 DOLLARS for every person in your household! - All in small bills of

course, $20s, 10s and 5s! - That will

get the economy really going and then we can all gather together down at the local park and hold hands and sing Kumbaya! - Actually, it isn't really Private Pensions that the US Government is looking to bailout, but

the Pensions of Union Workers which

of course is being driven by the HUNDREDS OF MILLIONS OF

DOLLARS given to the Democratic

Party by the Leaders of Unions! - See how this works? - If you want

BILLIONS OF DOLLARS of Free Money from the US Government all you have

to do is give MILLIONS OF DOLLARS

to our Elected Leaders! - It worked perfectly for the Wall Street Bastards, the Auto Unions and the Car

Companies, the Public Employee Unions, Fannie Mae and Freddie Mac, and now the the Democrats wants to payoff another big contributor, the Private Pensions of the Unions! -

Yes, this is all just GRAND! - Of

course, who will really end up picking up the tab for folks that give MILLION OF DOLLARS to politicians and get BILLIONS OF DOLLARS back in return for their smart "investments?" - That would be the Average American that works hard all his life, saves for his children's education and his/her retirement, and for being a solid

citizen and doing his duty he is then sent a Massive Bill run-up by the Politicians that do little more than

serve the people that stuff their

pockets with $$$$$$$! - Hmmmmmm, where oh where has a bogus system like the one that we now have in the United States of America existed before in world history? - That would be the corrupt Roman Empire for you folks that weren't paying attention in high school or college history class! -

History be Damned! - Just keeping printing the DOLLARS Uncle Ben and everything will just work out Fine and Dandy.....NOT! - Get a Copy of Are We Rome? and GET A CLUE! - Is America About To Start Bailing Out

Private Pensions?

One never knows where Common

Sense will pop up from and the latest Very Good Common Sense comes from Hedge Fund Manager David Einhorn

in a New York Times Op-Ed - Mr. Einhorn starts out by saying...

"Are you worried that we are

passing our debt on to future generations? Well, you need

not worry.

Before this recession it appeared

that absent action, the government’s long-term commitments would

become a problem in a few

decades. I believe the government response to the recession has created budgetary stress sufficient to

bring about the crisis much sooner.

Our generation — not our grandchildren’s — will have to

deal with the consequences."

Mr. Einhorn lays out a very compelling case that the US Government's

reaction to the meltdown of a few bank on Wall Street in 2008 has put the American Republic in a Hellava

spot! - Beyond Mr. Einhorn's

Common Sense argument that the United States had better deal soon

with the Massive Amount of Debt that

we are piling up on the books, he

flushes out some of the same things we have talked about here at Mad As

Hell And... about the current

monetary policies of the

Federal Reserve:

"Government statistics are about the last place one should look to find inflation, as they are designed to not show much. Over the last 35 years the government has changed the way it calculates inflation several times. According to the Web site Shadow Government Statistics, using the

pre-1980 method, the Consumer

Price Index would be over 9 percent, compared with about 2 percent in

the official statistics today.

While the truth probably lies somewhere in the middle, this doesn’t even take into account inflation we ignore by using a basket of goods

that don’t match the real-world

cost of living. (For example, health

care costs are one-sixth of G.D.P.

but only one-sixteenth of the price index, and rising income and

payroll taxes do not count as

inflation at all.)

Why does the government

understate rising costs? Low

official inflation benefits the government by reducing inflation-indexed payments, including

Social Security. Lower official

inflation means higher reported

real G.D.P., higher reported real

income and higher reported productivity.

Subdued reported inflation also enables the Fed to rationalize easy money. The Fed wants to have low interest rates to fight unemployment, which, in a new version of the

trickle-down theory, it believes

can be addressed through higher

stock prices. The Fed hopes that by denying savers an adequate return in risk-free assets like savings deposits,

 it will force them to speculate in

stocks and other “risky assets.”

This speculation drives stock

prices higher, which creates a

“wealth effect” when the lucky speculators spend some of their

gains on goods and services.

The purchases increase aggregate demand and lead to job creation.

Easy money also aids the banks, helping them earn back their still unacknowledged losses. This has

the perverse effect of discouraging banks from making new loans. If

banks can lend to the government,

with no capital charge and no perceived risk and earn an adequate spread, then they have little incentive to lend to small businesses or consumers. (For this reason, higher short-term rates could very well stimulate additional lending to

the private sector.)

Easy money also helps the fiscal position of the government. Lower borrowing costs mean lower deficits.

In effect, negative real interest rates are indirect debt monetization. Allowing borrowers, including

the government, to get addicted to unsustainably low rates creates enormous solvency risks when

rates eventually rise."

AMEN to that Mr. Einhorn! - Now is anyone listening or even worse does anyone in Washington DC even care

that their current actions can be

easily compared to some of the very same foolish moves that brought

down the Roman Empire? - Please,

the folks in OUR Nation's Capital care about only one thing:  The Next Election, which is November 2010...forget about knowing about or learning from the dangerous

and very relative lessons of world history - Easy Money, Hard Truths
 

It is a nice thought that millions of Americans will have access to health care and that "pre-existing" conditions will be eliminated for people that need health care insurance, but what did the recently passed Health Care Reform

bill do about the biggest problem

facing Americans and US companies as it pertains to health care? - The

Biggest Problem would be THE RISING COST OF HEALTH CARE INSURANCE and the Health Care Reform bill did NOTHING to slow down the escalating costs of health care in America - Now

we have health insurance companies

in California that are about to Stick it

to Companies in the Golden Broken State again! - Get a load of this outrageous crapola!

"Small businesses in California are being hit this year with double-digit hikes in health insurance costs that could hurt the state's economic recovery as companies curtail plans

for hiring and expansion to pay

their insurance bills.

Five major insurers in California's small-business market are raising

rates 12% to 23% for firms with fewer than 50 employees, according to a survey by The Times.

Similar increases are being felt by many small businesses across the nation, including those in Texas, Ohio and Florida — mainly the result of escalating costs for medical care and pharmaceuticals, insurers say.

In California, some small businesses say they are stunned by their latest insurance bills. Longtime customers

of Blue Shield of California, for instance, are facing rate hikes as

high as 76% after the insurer lost

money on a handful of plans."

Oh, it gets worse!
 

"Small businesses say 2010 is shaping up to be their most expensive year yet, leaving them with few good choices. They say they can pass charges along to employees, reduce benefits, cancel insurance programs or raise the price

of goods — an option few are willing

to entertain because of competitive pressures.

"They just don't have the profit

margins to pay this cost," said insurance broker Scott Hauge, who heads Small Business California,

an advocacy group. "It goes right to their bottom line. It's a killer."

About half of the estimated 6

million Californians working in

small businesses get insurance

through their jobs.

Among the major insurers who serve

the small-group market, Aetna and Blue Shield are each increasing premiums 18% on average this year, although some Aetna customers who renew policies this summer will see increases of as much as 23%, the company said.
 

Blue Shield, for example,

miscalculated the cost for three plans that pay all medical expenses once customers meet thresholds for

out-of-pocket expenses. The San Francisco insurer is now raising premiums as much as 76% for some small businesses.

"It turns out that people used a lot

more medical care than we had anticipated," said Tom Epstein,

Blue Shield's vice president of public affairs. "We need to increase the

rates to cover the medical costs. We can't lose money on these products."

Many small firms say they feel a

duty to provide health insurance,

or see it as a necessary cost to attract qualified job candidates. Either

way, they predict that a continued

rise in their healthcare bills will dampen their prospects for recovery."

"Our margins will dwindle to

nothing," said Bill Thomas, chief executive of U.S. Technical, an engineering firm in Fullerton. "It's

the beginning of the end."
 

Yes, on top of some of the Highest

Taxes on the Planet here comes the Health Insurance companies with big premium increases which will only make it that much harder to turn a profit in California and only lead to more job losses and in the end, less tax revenue for the state - Please, someone let us know when Government on all levels will actually do something that will lead to real economic and job growth instead of just the direct payments to people and companies which does very little for the long-term health of the Republic - Meanwhile, Californians take it in the chin again! - Health Insurance rate hikes hitting California small business could hurt state's economic growth

If you want a very good example of

what is wrong with the State of California look no further than LA Times columnist Steve Lopez's piece this morning on school personnel

being allowed to give a drug to

epileptic children when they have

a seizure - Read and Weep the 
Absolute Madness!

"Although Arnold Schwarzenegger

and I don't always see eye-to-eye, he was on to something when he

described the Sacramento sausage factory like this:

"Money goes in. Favors go out. The people lose."

Case in point.

Pasadena resident George

Fatheree's 8-year-old son, Clayton,

has had epilepsy since he was an infant. For the most part, medication controls the condition, but Fatheree and his wife live with the nagging worry that their son will one day

have a damaging seizure when no

one is around who is trained to help. That's why Fatheree is all for Senate Bill 1051, which acknowledges the statewide shortage of school nurses

and would allow non-medical campus personnel to administer a life-saving drug to children who suffer seizures.

The bill was introduced in February

by Bob Huff, a Diamond Bar Republi